Sigma Planning Corp Takes $225,000 Position in Apollo Global Management, Inc. (NYSE:APO)

Sigma Planning Corp purchased a new position in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, HoldingsChannel reports. The fund purchased 2,412 shares of the financial services provider’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC purchased a new position in Apollo Global Management during the fourth quarter worth about $31,000. Blue Trust Inc. increased its position in shares of Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 221 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $34,000. Hanseatic Management Services Inc. acquired a new position in shares of Apollo Global Management in the third quarter valued at approximately $39,000. Finally, Allworth Financial LP grew its holdings in shares of Apollo Global Management by 66.4% in the third quarter. Allworth Financial LP now owns 501 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 200 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on APO shares. Barclays lifted their price objective on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Morgan Stanley lifted their price objective on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, TD Cowen assumed coverage on shares of Apollo Global Management in a report on Thursday, January 4th. They set an “outperform” rating and a $115.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.33.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the transaction, the chief financial officer now directly owns 366,572 shares of the company’s stock, valued at approximately $39,989,339.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the transaction, the chief financial officer now directly owns 366,572 shares of the company’s stock, valued at approximately $39,989,339.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Leon D. Black sold 300,000 shares of the company’s stock in a transaction on Saturday, February 24th. The stock was sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the transaction, the insider now directly owns 43,054,773 shares in the company, valued at $4,801,037,737.23. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,426,000 shares of company stock worth $158,226,960. 8.70% of the stock is owned by insiders.

Apollo Global Management Stock Up 0.3 %

APO stock opened at $112.22 on Monday. The company has a market cap of $63.76 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. Apollo Global Management, Inc. has a 12 month low of $57.50 and a 12 month high of $117.15. The company has a fifty day moving average price of $111.23 and a 200 day moving average price of $99.36.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. Sell-side analysts expect that Apollo Global Management, Inc. will post 7.43 earnings per share for the current year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a yield of 1.53%. Apollo Global Management’s payout ratio is currently 20.45%.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.