4,945 Shares in Apollo Global Management Inc. $APO Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,945 shares of the financial services provider’s stock, valued at approximately $702,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd grew its stake in Apollo Global Management by 14.4% during the first quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock worth $85,000 after buying an additional 78 shares in the last quarter. Walled Lake Planning & Wealth Management LLC raised its position in shares of Apollo Global Management by 3.3% during the first quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 80 shares during the period. GW&K Investment Management LLC lifted its stake in Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 87 shares in the last quarter. Tower Wealth Partners Inc. boosted its stake in shares of Apollo Global Management by 4.7% in the 2nd quarter. Tower Wealth Partners Inc. now owns 2,086 shares of the financial services provider’s stock worth $296,000 after buying an additional 94 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in shares of Apollo Global Management by 0.9% during the 1st quarter. Arkadios Wealth Advisors now owns 10,896 shares of the financial services provider’s stock worth $1,492,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO opened at $128.74 on Friday. The company has a market capitalization of $73.64 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.42 and a beta of 1.63. The business’s fifty day simple moving average is $130.68 and its 200-day simple moving average is $136.29. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $189.49. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

Insider Activity

In related news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares in the company, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on APO shares. Barclays raised their price objective on shares of Apollo Global Management from $147.00 to $158.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Evercore ISI raised their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Morgan Stanley decreased their price objective on Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Citigroup decreased their price target on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Apollo Global Management Company 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.