61,500 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Tenere Capital LLC

Tenere Capital LLC acquired a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 61,500 shares of the financial services provider's stock, valued at approximately $10,157,000. Apollo Global Management comprises about 2.7% of Tenere Capital LLC's portfolio, making the stock its 22nd largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. World Investment Advisors LLC raised its stake in shares of Apollo Global Management by 1.8% during the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider's stock valued at $852,000 after buying an additional 119 shares during the last quarter. Sfmg LLC lifted its holdings in Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock valued at $902,000 after acquiring an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Apollo Global Management in the 3rd quarter worth approximately $503,000. Versant Capital Management Inc increased its holdings in shares of Apollo Global Management by 203.6% during the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock valued at $83,000 after purchasing an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Apollo Global Management by 10.4% in the 4th quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider's stock valued at $457,000 after purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the acquisition, the insider now directly owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. This represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. 8.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on APO shares. Keefe, Bruyette & Woods dropped their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Piper Sandler lowered their price target on Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Morgan Stanley cut their price objective on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Citigroup decreased their target price on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price target on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $156.00.

Apollo Global Management Trading Up 3.4 %

APO opened at $123.72 on Wednesday. The business's 50 day moving average price is $136.59 and its 200 day moving average price is $153.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $70.58 billion, a PE ratio of 16.93, a P/E/G ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49.

Apollo Global Management Cuts Dividend

The business also recently declared 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 dividend yield of 1.50%. The ex-dividend date 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.

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