Capital World Investors Increases Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Capital World Investors boosted its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,599,865 shares of the financial services provider's stock after acquiring an additional 71,525 shares during the period. Apollo Global Management accounts for about 0.8% of Capital World Investors' investment portfolio, making the stock its 27th largest position. Capital World Investors owned about 5.58% of Apollo Global Management worth $5,219,034,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. World Investment Advisors LLC boosted its position in shares of Apollo Global Management by 1.8% during the third quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider's stock worth $852,000 after acquiring an additional 119 shares during the last quarter. Sfmg LLC grew its position in shares of Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock valued at $902,000 after purchasing an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Apollo Global Management in the third quarter worth about $503,000. Versant Capital Management Inc grew its holdings in 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 buying an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in 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 worth $457,000 after acquiring an additional 260 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Piper Sandler cut 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. TD Cowen dropped their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their target price 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. Barclays dropped 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. Finally, Morgan Stanley decreased their price objective on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, three have given 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $156.00.

Insiders Place Their Bets

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

Apollo Global Management Stock Down 5.6 %

NYSE APO traded down $7.16 on Monday, reaching $119.62. 4,492,229 shares of the stock traded hands, compared to its average volume of 3,802,109. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 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. The company has a fifty day moving average price of $137.28 and a 200-day moving average price of $153.44. The company has a market cap of $68.24 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 1.55%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is presently 25.31%.

Apollo Global Management Company 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.