Atomi Financial Group Inc. Purchases Shares of 1,834 Apollo Global Management, Inc. (NYSE:APO)

Atomi Financial Group Inc. purchased a new stake in Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,834 shares of the financial services provider’s stock, valued at approximately $303,000.

A number of other institutional investors have also recently made changes to their positions in APO. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management in the 3rd quarter valued at about $35,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at about $39,000. UMB Bank n.a. grew its position in shares of Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after buying an additional 228 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management in the 3rd quarter valued at about $80,000. Finally, Truvestments Capital LLC bought a new stake in shares of Apollo Global Management during the 3rd quarter valued at about $83,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $172.02 on Friday. The company has a market cap of $97.33 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The business has a 50 day moving average price of $169.66 and a 200-day moving average price of $141.61. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The firm also recently declared 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 dividend yield of 1.08%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the sale, the insider now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on APO shares. UBS Group upgraded Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Wells Fargo & Company cut their target price on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Evercore ISI upped their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. TD Cowen upped their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets upped their target price on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.32.

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.