Navellier & Associates Inc. Buys 1,340 Shares of Apollo Global Management, Inc. (NYSE:APO)

Navellier & Associates Inc. lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 30.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,702 shares of the financial services provider’s stock after purchasing an additional 1,340 shares during the period. Navellier & Associates Inc.’s holdings in Apollo Global Management were worth $942,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Dividend Assets Capital LLC raised its stake in shares of Apollo Global Management by 2.8% during the 4th quarter. Dividend Assets Capital LLC now owns 5,177 shares of the financial services provider’s stock worth $855,000 after purchasing an additional 140 shares in the last quarter. Paradigm Asset Management Co. LLC raised its stake in shares of Apollo Global Management by 48.1% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 2,156 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 700 shares in the last quarter. ING Groep NV bought a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $3,337,000. Handelsbanken Fonder AB raised its stake in shares of Apollo Global Management by 8.9% during the 4th quarter. Handelsbanken Fonder AB now owns 161,172 shares of the financial services provider’s stock worth $26,619,000 after purchasing an additional 13,105 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in shares of Apollo Global Management by 16.5% during the 4th quarter. Ieq Capital LLC now owns 33,446 shares of the financial services provider’s stock worth $5,524,000 after purchasing an additional 4,738 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,600 shares of company stock valued at $34,977,528. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Stock Performance

APO opened at $150.45 on Friday. The firm has a market cap of $85.12 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.21 and a beta of 1.63. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The business’s fifty day moving average is $165.90 and its 200-day moving average is $147.83.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on APO shares. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. UBS Group upgraded Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods dropped their price target on 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. Finally, Piper Sandler increased their price target on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $165.74.

Apollo Global Management 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.