PDS Planning Inc Acquires New Shares in Apollo Global Management, Inc. (NYSE:APO)

PDS Planning Inc bought a new position in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,428 shares of the financial services provider’s stock, valued at approximately $236,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Hopwood Financial Services Inc. acquired a new position in shares of Apollo Global Management during the fourth quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at approximately $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $37,000. Retirement Wealth Solutions LLC acquired a new position in Apollo Global Management during the 4th quarter worth $39,000. Finally, HM Payson & Co. bought a new position in shares of Apollo Global Management in the fourth quarter worth $45,000. 77.06% of the stock is currently owned by institutional investors.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is owned by insiders.

Apollo Global Management Trading Up 4.3 %

NYSE APO opened at $143.38 on Thursday. The firm’s 50 day moving average price is $154.89 and its two-hundred day moving average price is $151.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The stock has a market cap of $81.80 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.29%. Apollo Global Management’s dividend payout ratio is 25.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods lowered their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Barclays upped their target price on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, TD Cowen lifted their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.