Nilsine Partners LLC Makes New $289,000 Investment in Apollo Global Management, Inc. (NYSE:APO)

Nilsine Partners LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, Holdings Channel reports. The firm bought 1,748 shares of the financial services provider’s stock, valued at approximately $289,000.

Several other large investors have also bought and sold shares of the stock. Foundations Investment Advisors LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $8,529,000. Pacer Advisors Inc. boosted its holdings in shares of Apollo Global Management by 357,460.0% in the 4th quarter. Pacer Advisors Inc. now owns 35,756 shares of the financial services provider’s stock worth $5,905,000 after purchasing an additional 35,746 shares in the last quarter. KBC Group NV grew its holdings in shares of Apollo Global Management by 167.5% during the 4th quarter. KBC Group NV now owns 168,666 shares of the financial services provider’s stock valued at $27,857,000 after purchasing an additional 105,619 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Apollo Global Management in the 4th quarter worth approximately $216,000. Finally, Capital Asset Advisory Services LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter worth about $205,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Up 1.1 %

Shares of Apollo Global Management stock opened at $171.18 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market cap of $96.86 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.36 and a beta of 1.63. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The firm’s 50-day moving average is $169.91 and its two-hundred day moving average is $142.64.

Apollo Global Management Increases Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on APO shares. BMO Capital Markets lifted their price objective on 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 Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. TD Cowen boosted their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Evercore ISI lifted their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley upped their price target on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.32.

Insider Buying and Selling

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