Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. grew its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,814 shares of the financial services provider’s stock after purchasing an additional 145 shares during the period. Great Lakes Retirement Inc.’s holdings in Apollo Global Management were worth $1,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Capital LLC lifted its holdings in shares of Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 69 shares during the last quarter. Menard Financial Group LLC lifted its holdings in shares of Apollo Global Management by 1.2% in the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock valued at $720,000 after buying an additional 71 shares during the period. Cyndeo Wealth Partners LLC grew its holdings in Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 77 shares during the period. Sfmg LLC lifted its holdings in Apollo Global Management by 1.1% in the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 79 shares during the last quarter. Finally, Cigna Investments Inc. New boosted its position in shares of Apollo Global Management by 1.8% during the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 90 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $158.11 on Wednesday. The company has a market cap of $89.46 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.28 and a beta of 1.63. The business has a 50 day moving average price of $168.63 and a 200 day moving average price of $145.50. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a $0.4625 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.17%. Apollo Global Management’s dividend payout ratio is 25.31%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays raised their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Piper Sandler increased their price target on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Evercore ISI raised their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company cut their target price on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $165.74.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 196,600 shares of company stock worth $34,186,128. Insiders own 8.50% of the company’s stock.

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.