Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 31.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,333 shares of the financial services provider’s stock after purchasing an additional 10,630 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Apollo Global Management were worth $7,322,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Genesis Private Wealth LLC purchased a new position in Apollo Global Management in the 4th quarter valued at about $204,000. Simon Quick Advisors LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $249,000. Atomi Financial Group Inc. acquired a new stake in Apollo Global Management during the fourth quarter worth about $303,000. Segment Wealth Management LLC lifted its holdings in shares of Apollo Global Management by 4.8% in the 4th quarter. Segment Wealth Management LLC now owns 62,693 shares of the financial services provider’s stock worth $10,354,000 after purchasing an additional 2,890 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Apollo Global Management by 8.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 3,820 shares of the financial services provider’s stock valued at $631,000 after buying an additional 311 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the transaction, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays lifted their target price on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Citigroup raised their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Piper Sandler boosted their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.32.

Apollo Global Management Stock Up 1.3 %

NYSE APO opened at $172.02 on Friday. The company has a market cap of $97.33 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.36 and a beta of 1.63. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $169.66 and a 200-day moving average of $141.44. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

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.