Maestria Partners LLC Takes $28.07 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Maestria Partners LLC purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 169,952 shares of the financial services provider’s stock, valued at approximately $28,069,000. Apollo Global Management makes up 11.1% of Maestria Partners LLC’s holdings, making the stock its 2nd biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc raised its position in shares of Apollo Global Management by 4.9% in the 3rd quarter. CIBC Asset Management Inc now owns 19,094 shares of the financial services provider’s stock valued at $2,385,000 after buying an additional 899 shares in the last quarter. Natixis Advisors LLC increased its stake in Apollo Global Management by 4.1% in the third quarter. Natixis Advisors LLC now owns 156,585 shares of the financial services provider’s stock valued at $19,559,000 after acquiring an additional 6,197 shares during the last quarter. Claro Advisors LLC raised its position in Apollo Global Management by 5.7% during the third quarter. Claro Advisors LLC now owns 1,869 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 100 shares in the last quarter. Quest Partners LLC bought a new stake in Apollo Global Management during the third quarter worth $1,079,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Apollo Global Management during the third quarter worth $2,125,000. Institutional investors own 77.06% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on APO shares. Wells Fargo & Company lowered their price target 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. Keefe, Bruyette & Woods lowered their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. BMO Capital Markets increased their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, Piper Sandler increased their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $165.74.

Apollo Global Management Trading Up 4.3 %

Shares of APO stock opened at $143.38 on Thursday. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. 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 stock has a market cap of $81.80 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.17 and a beta of 1.66. The stock has a 50-day moving average of $154.89 and a 200-day moving average of $151.59.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is presently 25.31%.

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.