D.A. Davidson & CO. Purchases 452 Shares of Apollo Global Management, Inc. (NYSE:APO)

D.A. Davidson & CO. increased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,082 shares of the financial services provider’s stock after purchasing an additional 452 shares during the quarter. D.A. Davidson & CO.’s holdings in Apollo Global Management were worth $1,665,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Truist Financial Corp grew its stake in shares of Apollo Global Management by 1.5% during the fourth quarter. Truist Financial Corp now owns 220,532 shares of the financial services provider’s stock valued at $36,423,000 after purchasing an additional 3,342 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Apollo Global Management by 273.7% during the fourth quarter. CIBC Asset Management Inc now owns 71,346 shares of the financial services provider’s stock valued at $11,784,000 after purchasing an additional 52,252 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Apollo Global Management by 813.6% during the fourth quarter. Principal Financial Group Inc. now owns 542,780 shares of the financial services provider’s stock valued at $89,646,000 after purchasing an additional 483,369 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Apollo Global Management by 4.5% during the fourth quarter. J.W. Cole Advisors Inc. now owns 10,197 shares of the financial services provider’s stock valued at $1,684,000 after purchasing an additional 440 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Apollo Global Management by 26.1% during the fourth quarter. Allworth Financial LP now owns 919 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 190 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on APO shares. Wells Fargo & Company decreased their price target on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Evercore ISI increased their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Citigroup increased their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Barclays increased their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, BMO Capital Markets increased their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.74.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,600 shares of company stock valued at $34,977,528 over the last quarter. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Down 4.0 %

Shares of APO stock opened at $150.45 on Friday. The firm has a fifty day moving average of $165.90 and a 200-day moving average of $147.83. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a market capitalization of $85.12 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 1.21 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is 25.31%.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.