Retirement Wealth Solutions LLC Acquires New Position in Apollo Global Management, Inc. (NYSE:APO)

Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 251 shares of the financial services provider’s stock, valued at approximately $39,000.

Other large investors also recently made changes to their positions in the company. Chicago Capital LLC increased its holdings in Apollo Global Management by 1.2% in the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 69 shares during the last quarter. Menard Financial Group LLC grew its position in shares of Apollo Global Management by 1.2% during the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock worth $720,000 after buying an additional 71 shares during the period. Cyndeo Wealth Partners LLC increased its stake in shares of Apollo Global Management by 3.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 77 shares during the last quarter. Sfmg LLC raised its position in shares of Apollo Global Management by 1.1% in the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 79 shares during the period. Finally, Cigna Investments Inc. New boosted its stake 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 last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $166.81 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50 day moving average price of $169.18 and a 200 day moving average price of $139.69. The stock has a market capitalization of $94.38 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.63. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.11%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio is 19.33%.

Wall Street Analyst Weigh In

APO has been the subject of several recent analyst reports. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. BMO Capital Markets upped 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. Wells Fargo & Company decreased their target price on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Tuesday. Wolfe Research started coverage on Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. Finally, The Goldman Sachs Group lifted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.32.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction 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 directly owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. Insiders own 8.50% of the company’s stock.

About Apollo Global Management

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.