Advisors Asset Management Inc. Buys 5,416 Shares of Apollo Global Management, Inc. (NYSE:APO)

Advisors Asset Management Inc. raised its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 27.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and 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 period. Advisors Asset Management Inc.'s holdings in Apollo Global Management were worth $4,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Apollo Global Management by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider's stock valued at $713,230,000 after purchasing an additional 254,268 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Apollo Global Management by 60.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider's stock valued at $479,057,000 after buying an additional 1,094,464 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Apollo Global Management by 42.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider's stock worth $436,148,000 after buying an additional 782,700 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Apollo Global Management by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider's stock worth $167,298,000 after acquiring an additional 4,892 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Apollo Global Management by 0.7% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 958,745 shares of the financial services provider's stock valued at $158,346,000 after acquiring an additional 6,955 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

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Insider Buying and Selling

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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the company'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 transaction, the insider now directly owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

APO has been the topic of several research analyst reports. Piper Sandler increased their price target 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. Wells Fargo & Company lowered their target price on Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Barclays raised 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. BMO Capital Markets boosted their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Finally, Morgan Stanley raised their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.21.

Apollo Global Management Stock Down 0.5 %

Shares of APO traded down $0.73 on Tuesday, hitting $147.67. The company's stock had a trading volume of 2,429,928 shares, compared to its average volume of 3,378,378. The firm's fifty day moving average price is $154.19 and its 200-day moving average price is $152.60. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $84.24 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 1.25%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is 25.31%.

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.