Bessemer Group Inc. Has $202.60 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

Bessemer Group Inc. grew its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 200,666.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,226,684 shares of the financial services provider's stock after acquiring an additional 1,226,073 shares during the period. Bessemer Group Inc. owned 0.22% of Apollo Global Management worth $202,598,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

APO has been the subject of several analyst reports. Citigroup decreased their price objective on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Piper Sandler cut their price target on shares of Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods cut 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 note on Wednesday, February 5th. Finally, Bank of America boosted their price target on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Apollo Global Management presently has a consensus rating of "Moderate Buy" and an average target price of $156.00.

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Apollo Global Management Price Performance

Apollo Global Management stock traded down $1.29 during midday trading on Monday, reaching $124.63. The company's stock had a trading volume of 1,429,163 shares, compared to its average volume of 3,767,959. The stock has a market cap of $71.10 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The business has a 50-day moving average price of $141.67 and a 200-day moving average price of $153.65.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is 25.31%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, 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 approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the business's stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the acquisition, the insider now owns 621,754 shares of the company's stock, valued at $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. 8.50% of the stock is owned by 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.