Eagle Rock Investment Company LLC lifted its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 29.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,077 shares of the financial services provider's stock after buying an additional 4,985 shares during the period. Eagle Rock Investment Company LLC's holdings in Apollo Global Management were worth $3,646,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management during the third quarter worth about $35,000. Prospera Private Wealth LLC bought a new position in shares of Apollo Global Management during the 3rd quarter valued at about $80,000. Truvestments Capital LLC bought a new position in shares of Apollo Global Management during the 3rd quarter valued at about $83,000. Versant Capital Management Inc grew its stake in shares of Apollo Global Management by 203.6% in the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock worth $83,000 after purchasing an additional 336 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Apollo Global Management by 14.3% in the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock worth $91,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 77.06% of the company's stock.
In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 133,400 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 over the last 90 days. 8.50% of the stock is currently owned by corporate insiders.
Shares of NYSE:APO opened at $165.80 on Friday. The firm has a fifty day moving average of $169.09 and a two-hundred day moving average of $139.35. 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, Inc. has a 12-month low of $94.34 and a 12-month high of $189.49. The firm has a market capitalization of $93.81 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.20 and a beta of 1.63.
The company also recently disclosed 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. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.12%. Apollo Global Management's dividend payout ratio (DPR) is presently 19.33%.
A number of analysts recently weighed in on APO shares. StockNews.com cut shares of Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Evercore ISI raised their price objective on Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on Apollo Global Management from $129.00 to $143.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $168.00 to $196.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $164.32.
View Our Latest Stock Report on APO
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.
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