197,670 Shares in Apollo Global Management, Inc. (NYSE:APO) Bought by Renaissance Group LLC

Renaissance Group LLC purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 197,670 shares of the financial services provider's stock, valued at approximately $32,647,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Apollo Global Management by 64.6% during the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock worth $1,550,316,000 after acquiring an additional 3,695,979 shares during the period. Vanguard Group Inc. grew its stake in shares of Apollo Global Management by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock worth $7,454,560,000 after purchasing an additional 3,691,700 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Apollo Global Management by 245.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock worth $438,196,000 after purchasing an additional 1,886,146 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Apollo Global Management by 60.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider's stock worth $479,057,000 after purchasing an additional 1,094,464 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Apollo Global Management by 42.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider's stock valued at $436,148,000 after purchasing an additional 782,700 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have issued reports on the company. Morgan Stanley upped their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Raymond James assumed coverage on Apollo Global Management in a research report on Thursday. They set a "strong-buy" rating and a $173.00 target price on the stock. Barclays decreased their price target on Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. TD Cowen cut their price objective on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Piper Sandler decreased their target price on shares of Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.95.

Apollo Global Management Stock Up 1.6 %

Shares of Apollo Global Management stock traded up $2.04 during trading on Friday, hitting $125.97. 6,257,035 shares of the stock traded hands, compared to its average volume of 3,777,021. The stock has a market cap of $71.87 billion, a P/E ratio of 17.23, a PEG ratio of 1.17 and a beta of 1.66. The company has a fifty day moving average price of $141.67 and a two-hundred day moving average price of $153.65. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is presently 25.31%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the sale, the insider now owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the acquisition, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. 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.