Goelzer Investment Management Inc. Has $5.66 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Goelzer Investment Management Inc. lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 34,287 shares of the financial services provider’s stock after purchasing an additional 305 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Apollo Global Management were worth $5,663,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. AE Wealth Management LLC acquired a new stake in Apollo Global Management during the second quarter worth about $416,000. AXA S.A. boosted its position in shares of Apollo Global Management by 283.9% during the 2nd quarter. AXA S.A. now owns 8,986 shares of the financial services provider’s stock worth $1,061,000 after acquiring an additional 6,645 shares in the last quarter. MBB Public Markets I LLC increased its stake in Apollo Global Management by 871.0% in the second quarter. MBB Public Markets I LLC now owns 27,635 shares of the financial services provider’s stock valued at $3,263,000 after acquiring an additional 24,789 shares during the last quarter. Mark Asset Management LP acquired a new position in Apollo Global Management during the second quarter valued at approximately $10,676,000. Finally, Mackenzie Financial Corp lifted its stake in Apollo Global Management by 4.5% during the second quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock worth $21,119,000 after purchasing an additional 7,679 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $172.02 on Friday. The stock’s 50 day moving average is $169.66 and its 200 day moving average is $141.44. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The firm has a market cap of $97.33 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.36 and a beta of 1.63. 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 Increases Dividend

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

Analyst Ratings Changes

APO has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Citigroup boosted their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets raised their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company cut their target price on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. One 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. According to data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $164.32.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm’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 sale, 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 a total of 196,600 shares of company stock worth $34,186,128 over the last three months. 8.50% of the stock is owned by company insiders.

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.