Purus Wealth Management LLC Buys 173 Shares of Apollo Global Management, Inc. (NYSE:APO)

Purus Wealth Management LLC grew its stake in Apollo Global Management, Inc. (NYSE:APO) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,909 shares of the financial services provider’s stock after buying an additional 173 shares during the period. Apollo Global Management accounts for about 1.7% of Purus Wealth Management LLC’s holdings, making the stock its 14th biggest holding. Purus Wealth Management LLC’s holdings in Apollo Global Management were worth $4,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in APO. UMB Bank n.a. lifted its stake in Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after buying an additional 228 shares during the period. Diversify Advisory Services LLC increased its stake in shares of Apollo Global Management by 38.9% in the 4th quarter. Diversify Advisory Services LLC now owns 2,012 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 563 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of Apollo Global Management by 16.8% during the 4th quarter. Aaron Wealth Advisors LLC now owns 3,184 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 458 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at $648,000. Finally, HB Wealth Management LLC increased its position in shares of Apollo Global Management by 59.0% during the fourth quarter. HB Wealth Management LLC now owns 7,298 shares of the financial services provider’s stock worth $1,205,000 after acquiring an additional 2,709 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Up 0.5 %

Shares of APO opened at $166.81 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $169.18 and a 200 day moving average of $139.96. The company has a market cap of $94.38 billion, a PE ratio of 17.43, a P/E/G 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. Investors of record on Monday, November 18th were paid a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This is a boost 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 1.11%. Apollo Global Management’s payout ratio is currently 19.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on APO shares. Keefe, Bruyette & Woods boosted their price target on shares of Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Wells Fargo & Company lowered 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 report on Tuesday, January 14th. Morgan Stanley boosted their price objective 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. Barclays boosted their price objective on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Wolfe Research started coverage on Apollo Global Management in a report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $164.32.

Insider Activity at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 196,600 shares of company stock worth $34,186,128. Insiders own 8.50% of the company’s stock.

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.