1,310 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Quantum Financial Advisors LLC

Quantum Financial Advisors LLC purchased a new stake in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 1,310 shares of the financial services provider’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of APO. AdvisorNet Financial Inc lifted its position in shares of Apollo Global Management by 744.1% during the 4th quarter. AdvisorNet Financial Inc now owns 2,009 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 1,771 shares during the period. Miracle Mile Advisors LLC increased its stake in Apollo Global Management by 22.2% in the fourth quarter. Miracle Mile Advisors LLC now owns 14,786 shares of the financial services provider’s stock valued at $2,442,000 after purchasing an additional 2,685 shares in the last quarter. Sunflower Bank N.A. increased its stake in Apollo Global Management by 5.0% in the fourth quarter. Sunflower Bank N.A. now owns 3,131 shares of the financial services provider’s stock valued at $517,000 after purchasing an additional 148 shares in the last quarter. Friedenthal Financial acquired a new position in shares of Apollo Global Management during the fourth quarter valued at about $760,000. Finally, Cooper Financial Group boosted its position in shares of Apollo Global Management by 10.4% during the 4th quarter. Cooper Financial Group now owns 6,277 shares of the financial services provider’s stock worth $1,037,000 after purchasing an additional 592 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value 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 trade represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $55,332,552.04. This represents 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.

Apollo Global Management Trading Down 0.4 %

NYSE APO opened at $154.75 on Tuesday. The business’s fifty day moving average is $168.74 and its 200-day moving average is $138.69. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a one year low of $94.19 and a one year high of $189.49. The stock has a market capitalization of $87.56 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.463 dividend. This represents a $1.85 annualized dividend and a yield of 1.20%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Analyst Upgrades and Downgrades

APO has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. BMO Capital Markets upped their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods increased their target price on Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price objective on shares of Apollo Global Management from $164.00 to $197.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. One investment 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.63.

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.