Border to Coast Pensions Partnership Ltd boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 242.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 60,000 shares of the financial services provider's stock after buying an additional 42,500 shares during the period. Border to Coast Pensions Partnership Ltd's holdings in Apollo Global Management were worth $9,903,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in shares of Apollo Global Management by 3.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 423,836 shares of the financial services provider's stock worth $50,042,000 after purchasing an additional 13,935 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Apollo Global Management during the second quarter valued at approximately $62,972,000. Dimensional Fund Advisors LP grew its stake in shares of Apollo Global Management by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,100,820 shares of the financial services provider's stock valued at $129,973,000 after buying an additional 91,506 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Apollo Global Management by 6.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 16,820 shares of the financial services provider's stock worth $1,986,000 after buying an additional 1,071 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Apollo Global Management by 29.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,106 shares of the financial services provider's stock worth $2,363,000 after acquiring an additional 4,593 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
APO has been the topic of several research analyst reports. StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. UBS Group upgraded shares of Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an "outperform" rating in a report on Friday, December 20th. BMO Capital Markets upped their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Finally, Morgan Stanley raised their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. One equities research 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.32.
View Our Latest Research Report on Apollo Global Management
Apollo Global Management Stock Up 0.5 %
Apollo Global Management stock traded up $0.89 during midday trading on Friday, reaching $166.81. The company's stock had a trading volume of 3,580,328 shares, compared to its average volume of 7,727,088. 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 market capitalization of $94.38 billion, a P/E ratio of 17.43, a PEG ratio of 1.20 and a beta of 1.63. The stock's 50-day simple moving average is $169.18 and its 200-day simple moving average is $139.69. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49.
Apollo Global Management Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.463 dividend. The ex-dividend date was Monday, November 18th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.11%. Apollo Global Management's dividend payout ratio (DPR) is 19.33%.
Insiders Place Their Bets
In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now owns 320,564 shares of the company's stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, the insider now directly owns 35,104,773 shares in the company, valued at $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. In the last quarter, insiders have sold 196,600 shares of company stock valued at $34,186,128. Insiders own 8.50% of the company's stock.
Apollo Global Management Profile
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Free Report)
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.
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