D.A. Davidson & CO. Purchases 452 Shares of Apollo Global Management, Inc. (NYSE:APO)

D.A. Davidson & CO. grew its position in Apollo Global Management, Inc. (NYSE:APO) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,082 shares of the financial services provider’s stock after buying an additional 452 shares during the period. D.A. Davidson & CO.’s holdings in Apollo Global Management were worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Menard Financial Group LLC grew its position in shares of Apollo Global Management by 1.2% in the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 71 shares during the period. Sfmg LLC lifted its stake in shares of Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after buying an additional 79 shares during the last quarter. Cigna Investments Inc. New lifted its stake in shares of Apollo Global Management by 1.8% during the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after buying an additional 90 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after buying an additional 91 shares during the last quarter. Finally, Westmount Partners LLC lifted its stake in shares of Apollo Global Management by 1.8% during the 4th quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider’s stock worth $841,000 after buying an additional 91 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of Apollo Global Management 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 sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This trade 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 insiders.

Apollo Global Management Trading Down 4.0 %

Shares of Apollo Global Management stock opened at $150.45 on Friday. The firm has a market capitalization of $85.12 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.21 and a beta of 1.63. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $165.90 and its 200 day moving average is $147.83. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors 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 is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APO. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods cut their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Evercore ISI lifted their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.74.

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.