Elo Mutual Pension Insurance Co Acquires 2,813 Shares of Apollo Global Management, Inc. (NYSE:APO)

Elo Mutual Pension Insurance Co boosted its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,973 shares of the financial services provider's stock after buying an additional 2,813 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Apollo Global Management were worth $6,289,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of APO. Hopwood Financial Services Inc. bought a new stake in shares of Apollo Global Management during the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management in the fourth quarter valued at about $37,000. Retirement Wealth Solutions LLC acquired a new position in Apollo Global Management in the fourth quarter valued at about $39,000. Finally, HM Payson & Co. bought a new position in Apollo Global Management during the fourth quarter worth about $45,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Down 0.2 %

APO stock traded down $0.24 during mid-day trading on Tuesday, reaching $136.70. The company had a trading volume of 736,188 shares, compared to its average volume of 3,523,596. 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 50 day simple moving average of $151.87 and a two-hundred day simple moving average of $153.76. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The company has a market capitalization of $77.98 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.17 and a beta of 1.66.

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Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid 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 1.35%. Apollo Global Management's dividend payout ratio is presently 25.31%.

Insider Activity at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the sale, the insider now owns 34,604,773 shares in the company, 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 legal filing with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were 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 in the company, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut 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. StockNews.com cut shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their target price on Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Barclays increased their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, BMO Capital Markets lifted their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $165.21.

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.