Wintrust Investments LLC Purchases 7,832 Shares of Apollo Global Management, Inc. (NYSE:APO)

Wintrust Investments LLC boosted its position in Apollo Global Management, Inc. (NYSE:APO) by 888.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,714 shares of the financial services provider’s stock after acquiring an additional 7,832 shares during the period. Apollo Global Management accounts for about 1.3% of Wintrust Investments LLC’s holdings, making the stock its 17th biggest position. Wintrust Investments LLC’s holdings in Apollo Global Management were worth $1,439,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tredje AP fonden acquired a new stake in Apollo Global Management in the 4th quarter valued at $3,303,000. Burkehill Global Management LP bought a new position in shares of Apollo Global Management in the fourth quarter valued at $33,032,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Apollo Global Management during the fourth quarter valued at about $25,850,000. Avantax Advisory Services Inc. increased its position in shares of Apollo Global Management by 18.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 10,065 shares of the financial services provider’s stock worth $1,662,000 after acquiring an additional 1,551 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Apollo Global Management by 5.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 182,744 shares of the financial services provider’s stock worth $30,182,000 after acquiring an additional 10,212 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $134.72 on Thursday. The company has a 50-day moving average price of $157.77 and a two-hundred day moving average price of $150.78. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. 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 firm has a market capitalization of $76.85 billion, a PE ratio of 18.43, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.37%. Apollo Global Management’s dividend payout ratio is 25.31%.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on APO. The Goldman Sachs Group lifted their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Wells Fargo & Company decreased their price target on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. UBS Group upgraded Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods reduced their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Morgan Stanley increased their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.74.

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.