TFB Advisors LLC Buys 171 Shares of Apollo Global Management, Inc. (NYSE:APO)

TFB Advisors LLC raised its stake in Apollo Global Management, Inc. (NYSE:APO) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,199 shares of the financial services provider’s stock after purchasing an additional 171 shares during the period. Apollo Global Management makes up approximately 0.9% of TFB Advisors LLC’s holdings, making the stock its 20th biggest position. TFB Advisors LLC’s holdings in Apollo Global Management were worth $3,171,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of APO. Capital Advisors Inc. OK lifted its holdings in shares of Apollo Global Management by 5.2% during the 4th quarter. Capital Advisors Inc. OK now owns 4,206 shares of the financial services provider’s stock worth $695,000 after acquiring an additional 206 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Apollo Global Management during the 4th quarter worth about $3,964,000. Leavell Investment Management Inc. lifted its holdings in shares of Apollo Global Management by 39.8% during the 4th quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider’s stock worth $1,016,000 after acquiring an additional 1,750 shares during the period. Fortress Financial Solutions LLC bought a new position in shares of Apollo Global Management during the 4th quarter worth about $685,000. Finally, Mill Creek Capital Advisors LLC lifted its holdings in shares of Apollo Global Management by 71.1% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 8,569 shares of the financial services provider’s stock worth $1,415,000 after acquiring an additional 3,560 shares during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Down 2.5 %

Shares of NYSE:APO opened at $158.11 on Wednesday. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a 50 day moving average of $168.63 and a 200-day moving average of $145.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a market cap of $89.46 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 1.28 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s payout ratio is 25.31%.

Insider Buying and Selling

In related news, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction that occurred 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 transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on 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 in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock valued at $34,186,128 in the last 90 days. 8.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on APO shares. Keefe, Bruyette & Woods cut their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Piper Sandler lifted their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Citigroup lifted their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities research 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. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $165.74.

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.