SRS Capital Advisors Inc. Grows Position in Apollo Global Management, Inc. (NYSE:APO)

SRS Capital Advisors Inc. raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,704 shares of the financial services provider’s stock after acquiring an additional 71 shares during the period. SRS Capital Advisors Inc.’s holdings in Apollo Global Management were worth $447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC increased its position in shares of Apollo Global Management by 11.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,322 shares of the financial services provider’s stock valued at $415,000 after purchasing an additional 349 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Apollo Global Management by 10.1% during the 3rd quarter. Van ECK Associates Corp now owns 79,943 shares of the financial services provider’s stock valued at $9,986,000 after purchasing an additional 7,328 shares during the last quarter. National Pension Service increased its position in shares of Apollo Global Management by 10.3% during the 3rd quarter. National Pension Service now owns 566,529 shares of the financial services provider’s stock valued at $70,765,000 after purchasing an additional 52,888 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Apollo Global Management by 1.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 146,941 shares of the financial services provider’s stock valued at $18,354,000 after purchasing an additional 2,773 shares during the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Apollo Global Management by 6.7% during the 3rd quarter. QRG Capital Management Inc. now owns 25,147 shares of the financial services provider’s stock valued at $3,141,000 after purchasing an additional 1,585 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 3.2 %

Shares of NYSE:APO opened at $144.55 on Tuesday. The stock has a fifty day simple moving average of $162.85 and a two-hundred day simple moving average of $149.90. The stock has a market capitalization of $82.46 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.17 and a beta of 1.63. Apollo Global Management, Inc. has a 12-month low of $95.11 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.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s payout ratio is 25.31%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Thursday, February 13th. The stock was 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 of the company’s stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company reduced their price objective on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft raised their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI raised their price target on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Citigroup raised their price target on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $165.74.

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.