ORG Wealth Partners LLC Invests $97,000 in Apollo Global Management, Inc. (NYSE:APO)

ORG Wealth Partners LLC acquired a new position in Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 585 shares of the financial services provider’s stock, valued at approximately $97,000.

Other institutional investors have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management during the third quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 336 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Apollo Global Management during the third quarter valued at approximately $80,000. Truvestments Capital LLC purchased a new position in Apollo Global Management during the third quarter valued at approximately $83,000. Finally, Allworth Financial LP raised its position in Apollo Global Management by 14.3% during the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 91 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were 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 directly 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 position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock worth $34,186,128 in the last three months. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Stock Down 4.1 %

Shares of NYSE:APO opened at $155.35 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $168.14 and a two-hundred day moving average of $137.90. The stock has a market cap of $87.90 billion, a P/E ratio of 16.23, a PEG ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a 52-week low of $94.19 and a 52-week high of $189.49.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.19%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on APO shares. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their price objective on Apollo Global Management from $164.00 to $197.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Keefe, Bruyette & Woods raised their price objective on Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, TD Cowen raised their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.63.

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.