Checchi Capital Advisers LLC Invests $225,000 in Apollo Global Management, Inc. (NYSE:APO)

Checchi Capital Advisers LLC purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 2,931 shares of the financial services provider’s stock, valued at approximately $225,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Apollo Global Management by 87.8% during the 1st quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock worth $2,316,818,000 after purchasing an additional 17,476,830 shares during the period. State Street Corp grew its stake in Apollo Global Management by 2.0% in the 1st quarter. State Street Corp now owns 9,505,487 shares of the financial services provider’s stock valued at $600,360,000 after acquiring an additional 184,378 shares during the last quarter. FMR LLC grew its stake in Apollo Global Management by 78.1% in the 1st quarter. FMR LLC now owns 8,830,094 shares of the financial services provider’s stock valued at $557,709,000 after acquiring an additional 3,872,458 shares during the last quarter. Clearbridge Investments LLC grew its stake in Apollo Global Management by 1.0% in the 1st quarter. Clearbridge Investments LLC now owns 7,859,123 shares of the financial services provider’s stock valued at $487,187,000 after acquiring an additional 78,795 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Apollo Global Management by 11.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,808,500 shares of the financial services provider’s stock valued at $493,187,000 after acquiring an additional 827,935 shares during the last quarter. 60.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 20,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $86.08, for a total transaction of $1,721,600.00. Following the transaction, the chief financial officer now directly owns 372,961 shares in the company, valued at approximately $32,104,482.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Martin Kelly sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $86.08, for a total value of $1,721,600.00. Following the transaction, the chief financial officer now owns 372,961 shares in the company, valued at $32,104,482.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director A B. Krongard purchased 1,009 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average price of $85.95 per share, for a total transaction of $86,723.55. Following the acquisition, the director now directly owns 77,608 shares of the company’s stock, valued at approximately $6,670,407.60. The disclosure for this purchase can be found here. Insiders own 8.70% of the company’s stock.

Apollo Global Management Trading Up 0.5 %

Shares of APO stock opened at $86.84 on Friday. The firm has a market cap of $49.29 billion, a P/E ratio of 18.36, a PEG ratio of 0.66 and a beta of 1.64. Apollo Global Management, Inc. has a 1-year low of $55.16 and a 1-year high of $93.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.74 and a quick ratio of 0.74. The firm’s 50-day simple moving average is $87.05 and its 200-day simple moving average is $79.80.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.98%. Apollo Global Management’s payout ratio is currently 36.36%.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of research reports. Bank of America lowered their price objective on shares of Apollo Global Management from $97.00 to $94.00 in a research note on Friday, October 6th. Oppenheimer cut shares of Apollo Global Management from an “outperform” rating to a “market perform” rating in a research note on Monday, October 9th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Apollo Global Management from $100.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. The Goldman Sachs Group raised their price target on shares of Apollo Global Management from $86.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Morgan Stanley raised their price target on shares of Apollo Global Management from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.82.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.