J.Safra Asset Management Corp Boosts Stock Position in Apollo Global Management, Inc. (NYSE:APO)

J.Safra Asset Management Corp raised its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 75.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,134 shares of the financial services provider’s stock after buying an additional 1,352 shares during the quarter. J.Safra Asset Management Corp’s holdings in Apollo Global Management were worth $522,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in APO. Menard Financial Group LLC boosted its stake in shares of Apollo Global Management by 1.2% in the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock worth $720,000 after buying an additional 71 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in Apollo Global Management by 2.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 71 shares during the period. Sfmg LLC boosted its position in Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after purchasing an additional 79 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Apollo Global Management by 0.9% during the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 90 shares during the period. Finally, Westmount Partners LLC increased its position in shares of Apollo Global Management by 1.8% during the 4th quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 91 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

APO has been the topic of a number of research reports. Piper Sandler raised their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. BMO Capital Markets boosted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Wells Fargo & Company decreased their target price on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, Barclays upped their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research 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 assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Price Performance

APO stock opened at $137.76 on Wednesday. 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 company’s fifty day moving average price is $162.11 and its 200-day moving average price is $150.09. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a market capitalization of $78.59 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.50% of the company’s stock.

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.