Union Bancaire Privee UBP SA Invests $216,000 in Apollo Global Management, Inc. (NYSE:APO)

Union Bancaire Privee UBP SA bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 1,430 shares of the financial services provider’s stock, valued at approximately $216,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth approximately $37,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management during the 4th quarter valued at $39,000. UMB Bank n.a. raised its position in Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 228 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Apollo Global Management in the third quarter worth $80,000. Finally, Truvestments Capital LLC bought a new stake in shares of Apollo Global Management during the third quarter worth $83,000. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Down 1.6 %

Shares of NYSE APO opened at $145.48 on Wednesday. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The stock has a market cap of $82.31 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.17 and a beta of 1.63. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average is $164.68 and its 200-day moving average is $148.75.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.27%. Apollo Global Management’s dividend payout ratio is presently 25.31%.

Analysts Set New Price Targets

APO has been the topic of several research reports. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Barclays upped their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. BMO Capital Markets raised their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods reduced their price objective on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, TD Cowen lifted their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.74.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,600 shares of company stock valued at $34,977,528. Company insiders own 8.50% of the company’s stock.

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.