Venture Visionary Partners LLC Invests $696,000 in Apollo Global Management Inc. $APO

Venture Visionary Partners LLC purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,224 shares of the financial services provider’s stock, valued at approximately $696,000.

Other institutional investors have also added to or reduced their stakes in the company. Cresset Asset Management LLC boosted its holdings in shares of Apollo Global Management by 2.8% in the 1st quarter. Cresset Asset Management LLC now owns 12,727 shares of the financial services provider’s stock valued at $1,743,000 after purchasing an additional 348 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Apollo Global Management by 26.9% during the 1st quarter. Brooklyn Investment Group now owns 948 shares of the financial services provider’s stock worth $130,000 after buying an additional 201 shares during the last quarter. Groupama Asset Managment acquired a new stake in Apollo Global Management in the first quarter valued at about $852,000. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Apollo Global Management by 4.5% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 9,610 shares of the financial services provider’s stock valued at $1,316,000 after acquiring an additional 410 shares during the last quarter. Finally, Credit Agricole S A raised its stake in Apollo Global Management by 18.4% during the first quarter. Credit Agricole S A now owns 268,844 shares of the financial services provider’s stock worth $36,815,000 after acquiring an additional 41,688 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

NYSE APO opened at $146.32 on Thursday. The company has a market capitalization of $84.93 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.45 and a beta of 1.61. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $178.11. The stock has a fifty day simple moving average of $130.91 and a 200 day simple moving average of $136.28.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. Apollo Global Management’s dividend payout ratio is presently 29.82%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

APO has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday. Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Barclays increased their price target on Apollo Global Management from $159.00 to $172.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Finally, Evercore ISI upped their target price on Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $166.23.

Apollo Global Management 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.