Valued Retirements Inc. Invests $449,000 in Apollo Global Management, Inc. (NYSE:APO)

Valued Retirements Inc. purchased a new position in Apollo Global Management, Inc. (NYSE:APO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,597 shares of the financial services provider’s stock, valued at approximately $449,000.

A number of other institutional investors have also recently made changes to their positions in APO. Sequoia Financial Advisors LLC increased its holdings in shares of Apollo Global Management by 5.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,403 shares of the financial services provider’s stock worth $402,000 after buying an additional 179 shares during the last quarter. Cooper Financial Group bought a new position in shares of Apollo Global Management in the 2nd quarter worth $316,000. Wedmont Private Capital increased its holdings in shares of Apollo Global Management by 9.3% in the 2nd quarter. Wedmont Private Capital now owns 5,124 shares of the financial services provider’s stock worth $618,000 after buying an additional 438 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Apollo Global Management by 343.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,492 shares of the financial services provider’s stock worth $4,309,000 after buying an additional 28,272 shares during the last quarter. Finally, Great Valley Advisor Group Inc. increased its holdings in shares of Apollo Global Management by 8.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,716 shares of the financial services provider’s stock worth $321,000 after buying an additional 209 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,600 shares of company stock valued at $34,186,128. Company insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on APO. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday. Wells Fargo & Company increased their target price on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Piper Sandler began coverage on shares of Apollo Global Management in a report on Tuesday, November 19th. They set an “overweight” rating and a $188.00 target price on the stock. Finally, Argus reduced their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. One research 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 data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $159.16.

Apollo Global Management Trading Down 3.0 %

NYSE:APO opened at $172.43 on Tuesday. The company has a 50-day moving average price of $154.41 and a 200-day moving average price of $129.39. Apollo Global Management, Inc. has a 12 month low of $89.76 and a 12 month high of $189.49. 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 stock has a market cap of $97.56 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.07%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

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.