Assenagon Asset Management S.A. Has $1.84 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Assenagon Asset Management S.A. grew its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 9.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,115 shares of the financial services provider’s stock after buying an additional 954 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Apollo Global Management were worth $1,836,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management during the 3rd quarter valued at $35,000. Prospera Private Wealth LLC acquired a new position in shares of Apollo Global Management during the third quarter valued at about $80,000. Truvestments Capital LLC bought a new stake in shares of Apollo Global Management during the third quarter worth about $83,000. Versant Capital Management Inc raised its holdings in shares of Apollo Global Management by 203.6% in the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 336 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Apollo Global Management by 14.3% in the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $169.49 on Friday. 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 fifty day simple moving average of $169.49 and a two-hundred day simple moving average of $141.05. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The firm has a market cap of $95.90 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.09%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

Analysts Set New Price Targets

APO has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Evercore ISI upped their price target on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Barclays upped their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $164.32.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value 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 approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,600 shares of company stock worth $34,186,128. Company insiders own 8.50% of the company’s stock.

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.