Candriam S.C.A. Raises Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Candriam S.C.A. grew its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,966 shares of the financial services provider’s stock after purchasing an additional 1,142 shares during the period. Candriam S.C.A.’s holdings in Apollo Global Management were worth $6,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Menard Financial Group LLC increased its stake in Apollo Global Management by 1.2% during the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 71 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of Apollo Global Management by 2.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock worth $447,000 after buying an additional 71 shares during the period. Sfmg LLC increased its stake in shares of Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after buying an additional 79 shares during the period. Global Retirement Partners LLC increased its stake in shares of Apollo Global Management by 0.9% during the fourth quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider’s stock worth $1,639,000 after buying an additional 90 shares during the period. Finally, Westmount Partners LLC boosted its holdings in Apollo Global Management by 1.8% in the fourth quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider’s stock valued at $841,000 after purchasing an additional 91 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on APO. TD Cowen upped their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group upped their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays upped their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company decreased their price objective on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.74.

Apollo Global Management Stock Performance

APO stock opened at $132.63 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $75.66 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The stock’s 50 day simple moving average is $160.63 and its 200 day simple moving average is $149.92.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate 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.