Apollo Global Management, Inc. (NYSE:APO - Get Free Report) insider Lb 2018 Gst Trust acquired 607,725 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the transaction, the insider now directly owns 621,754 shares of the company's stock, valued at $69,257,178.06. This represents a 4,331.92 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Apollo Global Management Stock Performance
NYSE:APO opened at $110.06 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The firm has a market cap of $62.78 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The business has a 50 day moving average price of $144.98 and a 200-day moving average price of $153.60.
Apollo Global Management Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is presently 25.31%.
Hedge Funds Weigh In On Apollo Global Management
Several hedge funds and other institutional investors have recently modified their holdings of APO. Fourth Dimension Wealth LLC bought a new stake in shares of Apollo Global Management in the fourth quarter worth about $25,000. Hopwood Financial Services Inc. purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $34,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $37,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $39,000. 77.06% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on APO. Wells Fargo & Company decreased their target price on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a research note on Tuesday. Morgan Stanley raised their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. StockNews.com lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Piper Sandler decreased their price target on shares of Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. One investment 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $161.68.
Read Our Latest Stock Report on APO
About Apollo Global Management
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
