Hollencrest Capital Management Has $139,000 Stake in Apollo Global Management, Inc. (NYSE:APO)

Hollencrest Capital Management lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 39.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,804 shares of the financial services provider’s stock after purchasing an additional 506 shares during the period. Hollencrest Capital Management’s holdings in Apollo Global Management were worth $139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in Apollo Global Management by 7,183.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after buying an additional 431 shares during the period. Sunbelt Securities Inc. bought a new position in Apollo Global Management during the first quarter worth about $30,000. Zions Bancorporation N.A. bought a new position in Apollo Global Management during the first quarter worth about $30,000. Fortis Capital Advisors LLC acquired a new stake in Apollo Global Management in the 1st quarter worth about $37,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in shares of Apollo Global Management during the 1st quarter worth approximately $37,000. 60.86% of the stock is currently owned by institutional investors.

Apollo Global Management Price Performance

Shares of APO opened at $86.84 on Friday. The firm has a market cap of $49.29 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.64. Apollo Global Management, Inc. has a 52-week low of $55.16 and a 52-week high of $93.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.74 and a current ratio of 0.74. The business’s 50 day moving average price is $87.05 and its two-hundred day moving average price is $79.80.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.72 dividend on an annualized basis and a yield of 1.98%. Apollo Global Management’s dividend payout ratio (DPR) is presently 36.36%.

Insider Activity

In related news, CFO Martin Kelly sold 20,000 shares of the stock in a transaction on Friday, November 3rd. The stock was 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 directly owns 372,961 shares in the company, valued at approximately $32,104,482.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director A B. Krongard acquired 1,009 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was purchased at an average cost of $85.95 per share, with a total value of $86,723.55. Following the acquisition, the director now owns 77,608 shares of the company’s stock, valued at approximately $6,670,407.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the chief financial officer now owns 372,961 shares in the company, valued at approximately $32,104,482.88. The disclosure for this sale can be found here. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on APO shares. The Goldman Sachs Group lifted their price target on shares of Apollo Global Management from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Apollo Global Management from $100.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. Oppenheimer lowered Apollo Global Management from an “outperform” rating to a “market perform” rating in a report on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets dropped their price target on Apollo Global Management from $103.00 to $98.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Finally, Barclays reduced their price objective on shares of Apollo Global Management from $109.00 to $106.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $95.82.

About Apollo Global Management

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.