Advisors Asset Management Inc. Boosts Stake in Apollo Global Management, Inc. (NYSE:APO)

Advisors Asset Management Inc. raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 27.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,857 shares of the financial services provider’s stock after buying an additional 5,416 shares during the quarter. Advisors Asset Management Inc.’s holdings in Apollo Global Management were worth $4,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APO. Hopwood Financial Services Inc. purchased a new position in Apollo Global Management during the fourth quarter worth about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the fourth quarter worth about $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management during the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management during the fourth quarter worth about $39,000. Finally, HM Payson & Co. bought a new stake in Apollo Global Management during the fourth quarter worth about $45,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apollo Global Management 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 transaction, the chief financial officer now owns 377,164 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Up 1.0 %

Shares of NYSE:APO opened at $144.77 on Friday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a market cap of $82.59 billion, a PE ratio of 19.80, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock’s 50-day moving average is $154.54 and its 200 day moving average is $151.55.

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 issued a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.28%. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Analyst Ratings Changes

APO has been the subject of several research analyst reports. Piper Sandler lifted their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. BMO Capital Markets lifted their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. TD Cowen lifted their price target on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Barclays lifted their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $165.21.

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.