WR Wealth Planners LLC Acquires 92 Shares of Apollo Global Management, Inc. (NYSE:APO)

WR Wealth Planners LLC boosted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 25.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 455 shares of the financial services provider’s stock after purchasing an additional 92 shares during the period. WR Wealth Planners LLC’s holdings in Apollo Global Management were worth $75,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversify Advisory Services LLC acquired a new stake in shares of Apollo Global Management during the third quarter worth approximately $181,000. First Trust Direct Indexing L.P. grew its holdings in Apollo Global Management by 21.6% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 7,667 shares of the financial services provider’s stock worth $958,000 after acquiring an additional 1,360 shares during the period. Cigna Investments Inc. New grew its holdings in Apollo Global Management by 1.8% during the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 90 shares during the period. Tower Wealth Partners Inc. acquired a new stake in Apollo Global Management during the 3rd quarter worth $208,000. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Apollo Global Management by 11.7% during the third quarter. Chicago Partners Investment Group LLC now owns 3,322 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 349 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 1.2 %

Shares of NYSE APO opened at $149.21 on Friday. The stock has a market capitalization of $84.42 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.17 and a beta of 1.63. The company has a 50-day moving average price of $163.39 and a 200-day moving average price of $149.36. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s payout ratio is 25.31%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on APO shares. Evercore ISI lifted their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. TD Cowen boosted their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.74.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the sale, the insider now owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 201,600 shares of company stock worth $34,977,528 over the last three months. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Company 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.