Sequoia Financial Advisors LLC Raises Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Sequoia Financial Advisors LLC grew its holdings in Apollo Global Management, Inc. (NYSE:APO) by 49.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,169 shares of the financial services provider’s stock after acquiring an additional 14,191 shares during the period. Sequoia Financial Advisors LLC’s holdings in Apollo Global Management were worth $7,130,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in APO. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management in the 4th quarter valued at $34,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management in the 4th quarter valued at $37,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management in the 4th quarter valued at $39,000. HM Payson & Co. purchased a new position in shares of Apollo Global Management in the 4th quarter valued at $45,000. Finally, UMB Bank n.a. raised its stake 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 valued at $46,000 after acquiring an additional 228 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 3.3 %

NYSE APO opened at $134.72 on Thursday. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a 50-day simple moving average of $157.77 and a 200-day simple moving average of $150.78. 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 firm has a market capitalization of $76.85 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped 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. BMO Capital Markets lifted their price target 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. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their price target on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler lifted their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.74.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management 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 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 filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Company 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.