Tidal Investments LLC Has $2.30 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Tidal Investments LLC lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 23.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,400 shares of the financial services provider’s stock after selling 5,639 shares during the period. Tidal Investments LLC’s holdings in Apollo Global Management were worth $2,298,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management in the second quarter worth about $35,000. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management in the 3rd quarter valued at approximately $35,000. Prospera Private Wealth LLC acquired a new stake in Apollo Global Management in the 3rd quarter worth approximately $80,000. Truvestments Capital LLC bought a new stake in Apollo Global Management during the third quarter worth approximately $83,000. Finally, Allworth Financial LP grew its holdings in Apollo Global Management by 14.3% during the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 91 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on APO shares. JPMorgan Chase & Co. boosted their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. UBS Group raised Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Redburn Partners initiated coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Finally, Evercore ISI raised their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.89.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $178.16 on Tuesday. Apollo Global Management, Inc. has a 12-month low of $89.76 and a 12-month high of $189.49. The company’s 50 day moving average price is $158.79 and its two-hundred day moving average price is $131.56. The firm has a market cap of $100.81 billion, a PE ratio of 18.62, a PEG ratio of 1.84 and a beta of 1.63. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.04%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s 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 transaction, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade 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 accessible through this link. Also, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock valued at $34,186,128 in the last three months. Corporate insiders own 8.50% of the company’s stock.

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.