Truist Financial Corp Raises Position in Apollo Global Management, Inc. (NYSE:APO)

Truist Financial Corp lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 220,532 shares of the financial services provider's stock after purchasing an additional 3,342 shares during the period. Truist Financial Corp's holdings in Apollo Global Management were worth $36,423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Menard Financial Group LLC lifted its holdings in shares of Apollo Global Management by 1.2% in the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock worth $720,000 after acquiring an additional 71 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in shares of Apollo Global Management by 3.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock worth $336,000 after acquiring an additional 77 shares during the last quarter. Sfmg LLC lifted its holdings in shares of Apollo Global Management by 1.1% in the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock worth $902,000 after acquiring an additional 79 shares during the last quarter. Cigna Investments Inc. New lifted its holdings in shares of Apollo Global Management by 1.8% in the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock worth $645,000 after acquiring an additional 90 shares during the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Apollo Global Management by 14.3% in the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock worth $91,000 after acquiring an additional 91 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Down 4.0 %

NYSE:APO traded down $6.34 during midday trading on Friday, hitting $150.45. 3,731,483 shares of the company were exchanged, compared to its average volume of 3,279,721. The company has a fifty day simple moving average of $166.42 and a 200 day simple moving average of $147.17. 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 current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $85.13 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.23%. Apollo Global Management's dividend payout ratio is currently 25.31%.

Wall Street Analysts Forecast Growth

APO has been the subject of several recent research reports. Evercore ISI raised their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. UBS Group raised shares of Apollo Global Management to a "hold" rating in a research report on Wednesday, November 13th. BMO Capital Markets raised their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. TD Cowen raised their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of "Moderate Buy" and a consensus price target of $165.74.

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 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 transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the transaction, the insider now owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 201,600 shares of company stock worth $34,977,528 in the last ninety days. 8.50% of the stock is owned by corporate insiders.

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.