Wilmington Savings Fund Society FSB Buys 2,662 Shares of Apollo Global Management, Inc. (NYSE:APO)

Wilmington Savings Fund Society FSB grew its position in Apollo Global Management, Inc. (NYSE:APO) by 66.1% during the 4th quarter, Holdings Channel reports. The firm owned 6,689 shares of the financial services provider’s stock after purchasing an additional 2,662 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Apollo Global Management were worth $1,105,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in APO. Byrne Asset Management LLC acquired a new position in Apollo Global Management in the fourth quarter valued at about $37,000. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management in the 4th quarter worth approximately $39,000. UMB Bank n.a. boosted its holdings in shares of 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 worth $46,000 after acquiring an additional 228 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in Apollo Global Management in the 3rd quarter valued at $35,000. Finally, Versant Capital Management Inc boosted its stake in Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 336 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Citigroup boosted their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their price target on shares of 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. Barclays upped their price objective on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.00.

Apollo Global Management Stock Down 0.8 %

Shares of NYSE APO opened at $162.08 on Tuesday. The firm has a 50 day moving average price of $168.93 and a 200 day moving average price of $145.25. 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 stock has a market cap of $91.71 billion, a P/E ratio of 22.17, a P/E/G ratio of 1.28 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.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

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.