Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.1% in the third quarter, HoldingsChannel reports. The firm owned 12,791 shares of the financial services provider’s stock after acquiring an additional 388 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Apollo Global Management were worth $1,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of APO. Legal & General Group Plc raised its position in Apollo Global Management by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock worth $517,527,000 after buying an additional 126,859 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock worth $318,522,000 after acquiring an additional 97,797 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Apollo Global Management by 27.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after purchasing an additional 383,557 shares during the last quarter. Janus Henderson Group PLC lifted its position in Apollo Global Management by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider’s stock valued at $167,298,000 after purchasing an additional 4,892 shares during the period. Finally, 1832 Asset Management L.P. boosted its holdings in Apollo Global Management by 2.9% in the second quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock valued at $152,845,000 after purchasing an additional 37,070 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insiders Place Their Bets

In other news, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, 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 have sold a total of 196,600 shares of company stock valued at $34,186,128 in the last 90 days. 8.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APO. Keefe, Bruyette & Woods lifted their price objective on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their price target on Apollo Global Management from $164.00 to $197.00 and gave the company an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Morgan Stanley boosted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target of $160.89.

Apollo Global Management Stock Performance

NYSE APO opened at $176.43 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock’s 50 day simple moving average is $157.91 and its 200-day simple moving average is $130.89. The company has a market cap of $99.83 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a 1-year low of $89.76 and a 1-year high of $189.49.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.463 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

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.