Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Leavell Investment Management Inc.

Leavell Investment Management Inc. raised its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 39.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,150 shares of the financial services provider's stock after purchasing an additional 1,750 shares during the quarter. Leavell Investment Management Inc.'s holdings in Apollo Global Management were worth $1,016,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in APO. Byrne Asset Management LLC purchased a new stake in Apollo Global Management in the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management in the fourth quarter worth about $39,000. UMB Bank n.a. lifted its position in shares of Apollo Global Management by 447.1% during the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after buying an additional 228 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Apollo Global Management during the 3rd quarter valued at $80,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Apollo Global Management in the 3rd quarter worth $83,000. Institutional investors own 77.06% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on APO shares. Piper Sandler lifted their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Morgan Stanley increased their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Barclays increased their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Finally, TD Cowen boosted their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $165.74.

Apollo Global Management Price Performance

NYSE APO traded up $5.03 on Monday, hitting $162.95. The company had a trading volume of 2,665,760 shares, compared to its average volume of 3,235,579. 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 company's fifty day moving average price is $167.45 and its 200-day moving average price is $146.60. The company has a market capitalization of $92.20 billion, a PE ratio of 22.29, a PEG ratio of 1.28 and a beta of 1.63. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.14%. Apollo Global Management's dividend payout ratio is currently 25.31%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm'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 owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,600 shares of company stock valued at $34,977,528. 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.