Spahn Wealth & Retirement LLC Invests $281,000 in Apollo Global Management, Inc. (NYSE:APO)

Spahn Wealth & Retirement LLC acquired a new stake in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,700 shares of the financial services provider’s stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APO. Hopwood Financial Services Inc. acquired a new position in shares of Apollo Global Management during the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the 4th quarter worth approximately $34,000. Byrne Asset Management LLC acquired a new position in Apollo Global Management during the fourth quarter valued at approximately $37,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management in the fourth quarter valued at approximately $39,000. Finally, HM Payson & Co. acquired a new stake in Apollo Global Management in the fourth quarter worth $45,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 2.4 %

Apollo Global Management stock opened at $141.68 on Thursday. The company has a market cap of $80.83 billion, a price-to-earnings ratio of 19.38, a P/E/G ratio of 1.17 and a beta of 1.66. The firm has a 50-day moving average of $150.71 and a 200-day moving average of $153.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.31%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s 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 sale, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This trade represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on APO. Morgan Stanley boosted their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Piper Sandler decreased their target price on Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating for the company in a research note on Wednesday. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. BMO Capital Markets boosted their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, TD Cowen raised their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $164.74.

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.