SkyOak Wealth LLC Purchases Shares of 1,311 Apollo Global Management, Inc. (NYSE:APO)

SkyOak Wealth LLC acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,311 shares of the financial services provider’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of APO. Geode Capital Management LLC increased its holdings in Apollo Global Management by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock valued at $713,230,000 after purchasing an additional 254,268 shares during the period. Charles Schwab Investment Management Inc. increased its stake 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 valued at $225,600,000 after buying an additional 383,557 shares during the period. Janus Henderson Group PLC raised its holdings in shares of 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 acquiring an additional 4,892 shares in the last quarter. Swiss National Bank raised its holdings in shares of Apollo Global Management by 0.4% during the third quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider’s stock valued at $147,670,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Fort Pitt Capital Group LLC lifted its stake in Apollo Global Management by 10.5% in the third quarter. Fort Pitt Capital Group LLC now owns 1,100,686 shares of the financial services provider’s stock worth $137,487,000 after acquiring an additional 104,668 shares during the period. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APO has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company decreased their price target on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price objective on Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. BMO Capital Markets upped their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, Morgan Stanley raised their price objective on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.32.

Apollo Global Management Stock Performance

APO stock opened at $171.00 on Monday. The stock’s 50 day simple moving average is $170.11 and its 200 day simple moving average is $143.47. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The stock has a market capitalization of $96.75 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.63.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.463 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade 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 valued at $34,186,128 over the last ninety days. 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.