New York State Common Retirement Fund Buys 88,900 Shares of Apollo Global Management, Inc. (NYSE:APO)

New York State Common Retirement Fund boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 14.5% during the 4th quarter, HoldingsChannel reports. The fund owned 702,236 shares of the financial services provider’s stock after purchasing an additional 88,900 shares during the period. New York State Common Retirement Fund’s holdings in Apollo Global Management were worth $115,981,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in Apollo Global Management during the fourth quarter worth approximately $37,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $39,000. UMB Bank n.a. boosted its position in shares of Apollo Global Management by 447.1% during the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after buying an additional 228 shares during the period. Versant Capital Management Inc boosted its position in shares of Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after buying an additional 336 shares during the period. Finally, Y.D. More Investments Ltd purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $89,000. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

APO has been the subject of several recent analyst reports. Evercore ISI boosted their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their target price on 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. TD Cowen boosted their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets boosted their target price on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.74.

Apollo Global Management Stock Down 0.5 %

Apollo Global Management stock opened at $161.97 on Wednesday. The business has a fifty day moving average of $167.19 and a two-hundred day moving average of $147.01. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $91.65 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.28 and a beta of 1.63. 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.14%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Insiders Place Their Bets

In other news, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the transaction, the insider now directly owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock worth $34,977,528 over the last 90 days. Company insiders own 8.50% of the company’s stock.

About Apollo Global Management

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.