Toroso Investments LLC Boosts Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Toroso Investments LLC lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO – Get Rating) by 6.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,326 shares of the financial services provider’s stock after acquiring an additional 1,451 shares during the quarter. Toroso Investments LLC’s holdings in Apollo Global Management were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Seaport Global Advisors LLC increased its position in shares of Apollo Global Management by 32.0% during the third quarter. Seaport Global Advisors LLC now owns 4,949 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 1,199 shares during the period. National Pension Service grew its stake in shares of Apollo Global Management by 6.8% during the third quarter. National Pension Service now owns 542,967 shares of the financial services provider’s stock worth $25,862,000 after purchasing an additional 34,367 shares in the last quarter. M&T Bank Corp grew its stake in shares of Apollo Global Management by 15.8% during the third quarter. M&T Bank Corp now owns 20,454 shares of the financial services provider’s stock worth $951,000 after purchasing an additional 2,790 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Apollo Global Management by 3.8% during the third quarter. Captrust Financial Advisors now owns 18,190 shares of the financial services provider’s stock worth $846,000 after purchasing an additional 669 shares in the last quarter. Finally, Alpha Paradigm Partners LLC acquired a new position in shares of Apollo Global Management during the third quarter worth $1,087,000. Hedge funds and other institutional investors own 68.98% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider John J. Suydam sold 33,334 shares of Apollo Global Management stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $72.00, for a total value of $2,400,048.00. Following the transaction, the insider now directly owns 277,076 shares in the company, valued at $19,949,472. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of Apollo Global Management stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $70.44, for a total value of $2,113,200.00. Following the sale, the chief financial officer now owns 414,241 shares of the company’s stock, valued at approximately $29,179,136.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John J. Suydam sold 33,334 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $72.00, for a total value of $2,400,048.00. Following the completion of the sale, the insider now directly owns 277,076 shares in the company, valued at approximately $19,949,472. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,667 shares of company stock worth $7,898,208. 15.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on APO shares. Oppenheimer boosted their target price on shares of Apollo Global Management to $74.00 in a research note on Wednesday, December 14th. TheStreet upgraded shares of Apollo Global Management from a “d+” rating to a “c” rating in a research note on Thursday, February 9th. Morgan Stanley lowered their target price on shares of Apollo Global Management from $69.00 to $68.00 and set an “equal weight” rating for the company in a research note on Monday, February 13th. Keefe, Bruyette & Woods raised shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $84.00 to $88.00 in a research report on Friday, February 10th. Finally, Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, February 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $75.44.

Apollo Global Management Trading Down 3.8 %

NYSE APO opened at $56.53 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $32.26 billion, a PE ratio of -10.13, a P/E/G ratio of 0.50 and a beta of 1.72. Apollo Global Management, Inc. has a one year low of $45.62 and a one year high of $74.63. The firm’s fifty day moving average is $68.87 and its two-hundred day moving average is $62.04.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 21st were paid a $0.40 dividend. The ex-dividend date was Friday, February 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.83%. Apollo Global Management’s dividend payout ratio is presently -28.67%.

About Apollo Global Management

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Apollo Global Management, Inc provides asset management services. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. The company was founded by Marc Rowan in 1990 and is headquartered in New York, NY.