Capital International Sarl Grows Holdings in Apollo Global Management, Inc. (NYSE:APO)

Capital International Sarl grew its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 33.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,947 shares of the financial services provider's stock after acquiring an additional 2,965 shares during the quarter. Capital International Sarl's holdings in Apollo Global Management were worth $1,973,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of APO. Hopwood Financial Services Inc. bought a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Apollo Global Management in the 4th quarter worth $34,000. Byrne Asset Management LLC bought a new position in shares of Apollo Global Management during the 4th quarter worth $37,000. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management during the 4th quarter worth $39,000. Finally, HM Payson & Co. purchased a new position in shares of Apollo Global Management during the fourth quarter valued at $45,000. Institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Piper Sandler dropped their price objective on Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods decreased their price objective 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. Morgan Stanley cut their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company lowered their price target on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Barclays reduced their price objective on Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apollo Global Management presently has an average rating of "Moderate Buy" and a consensus target price of $156.00.

Insider Buying and Selling at Apollo Global Management

In related news, 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the firm's stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 8.50% of the stock is owned by company insiders.

Apollo Global Management Trading Up 2.4 %

Shares of APO traded up $2.94 during mid-day trading on Wednesday, hitting $126.65. The company had a trading volume of 3,811,873 shares, compared to its average volume of 3,805,269. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The business's 50-day simple moving average is $136.59 and its 200-day simple moving average is $153.23. The stock has a market cap of $72.25 billion, a PE ratio of 17.33, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's payout ratio is currently 25.31%.

Apollo Global Management Company 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.