Coldstream Capital Management Inc. Increases Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Coldstream Capital Management Inc. raised its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 37.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,587 shares of the financial services provider’s stock after purchasing an additional 702 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Apollo Global Management were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Gould Capital LLC bought a new stake in shares of Apollo Global Management during the third quarter valued at approximately $1,194,000. Geode Capital Management LLC lifted its position in Apollo Global Management by 4.7% during the third quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock valued at $713,230,000 after buying an additional 254,268 shares during the period. Valued Retirements Inc. purchased a new position in Apollo Global Management during the third quarter valued at $449,000. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Apollo Global Management by 100.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 219,118 shares of the financial services provider’s stock valued at $27,370,000 after buying an additional 109,961 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in shares of Apollo Global Management by 23.3% in the 3rd quarter. MML Investors Services LLC now owns 14,629 shares of the financial services provider’s stock worth $1,827,000 after acquiring an additional 2,767 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Redburn Atlantic started coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Citigroup boosted their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Finally, Morgan Stanley upped their price target on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $160.89.

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 Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by company insiders.

Apollo Global Management Trading Up 0.0 %

NYSE:APO opened at $176.43 on Monday. The company has a market cap of $99.83 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. 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 company has a 50 day simple moving average of $157.91 and a two-hundred day simple moving average of $131.12. Apollo Global Management, Inc. has a 12 month low of $89.76 and a 12 month high of $189.49.

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 given a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is 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.