APG Asset Management N.V. Invests $37.18 Million in Apollo Global Management, Inc. (NYSE:APO)

APG Asset Management N.V. purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 233,100 shares of the financial services provider's stock, valued at approximately $37,179,000.

Other large investors have also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new position in Apollo Global Management during the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the fourth quarter valued at about $34,000. Byrne Asset Management LLC purchased a new position in Apollo Global Management in the fourth quarter valued at about $37,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management in the fourth quarter worth about $39,000. Finally, HM Payson & Co. purchased a new stake in shares of Apollo Global Management during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Citigroup lowered their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their target price on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company reduced their target price on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Bank of America raised their price target on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Finally, BMO Capital Markets upped their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $157.95.

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Insider Activity at Apollo Global Management

In other Apollo Global Management news, 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 purchased at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction on 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 sale, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. This represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.50% of the company's stock.

Apollo Global Management Trading Down 0.7 %

Shares of APO stock traded down $0.87 during trading hours on Monday, hitting $125.05. The company had a trading volume of 1,090,743 shares, compared to its average volume of 4,224,575. 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 has a market capitalization of $71.34 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The company's fifty day moving average is $141.67 and its 200 day moving average is $153.65. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49.

Apollo Global Management Cuts Dividend

The company also recently declared 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. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.48%. Apollo Global Management's dividend payout ratio is currently 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.