Asset Management One Co. Ltd. Grows Position in Apollo Global Management, Inc. (NYSE:APO)

Asset Management One Co. Ltd. lifted its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,463 shares of the financial services provider's stock after purchasing an additional 14,522 shares during the period. Asset Management One Co. Ltd.'s holdings in Apollo Global Management were worth $27,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Creative Planning lifted its holdings in Apollo Global Management by 5.9% during the third quarter. Creative Planning now owns 41,784 shares of the financial services provider's stock worth $5,219,000 after acquiring an additional 2,316 shares in the last quarter. Swedbank AB lifted its holdings in Apollo Global Management by 50.9% during the third quarter. Swedbank AB now owns 77,938 shares of the financial services provider's stock worth $9,735,000 after acquiring an additional 26,300 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Apollo Global Management by 2.7% in the 3rd quarter. Bleakley Financial Group LLC now owns 19,482 shares of the financial services provider's stock valued at $2,434,000 after purchasing an additional 506 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Apollo Global Management by 57.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,961 shares of the financial services provider's stock valued at $245,000 after purchasing an additional 716 shares during the period. Finally, Claro Advisors LLC raised its stake in shares of Apollo Global Management by 177.7% in the 3rd quarter. Claro Advisors LLC now owns 4,912 shares of the financial services provider's stock valued at $614,000 after purchasing an additional 3,143 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Down 0.3 %

Shares of NYSE:APO traded down $0.50 during trading on Tuesday, reaching $161.85. 1,226,862 shares of the stock traded hands, compared to its average volume of 3,219,859. The stock has a 50-day moving average of $167.45 and a two-hundred day moving average of $146.60. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week 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 stock has a market cap of $91.58 billion, a P/E ratio of 22.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.63.

Apollo Global Management Cuts Dividend

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

Analyst Upgrades and Downgrades

APO has been the topic of several recent research reports. Evercore ISI lifted their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. TD Cowen lifted their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, December 9th. StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Wells Fargo & Company lowered their target price on Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Finally, BMO Capital Markets lifted their target price on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $165.74.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,600 shares of company stock worth $34,977,528. 8.50% of the stock is owned by insiders.

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.