Cerity Partners LLC Purchases 4,193 Shares of Apollo Global Management, Inc. (NYSE:APO)

Cerity Partners LLC lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,915 shares of the financial services provider's stock after acquiring an additional 4,193 shares during the quarter. Cerity Partners LLC's holdings in Apollo Global Management were worth $32,839,000 at the end of the most recent quarter.

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

Apollo Global Management Price Performance

APO traded up $1.01 on Monday, reaching $126.93. The company had a trading volume of 757,268 shares, compared to its average volume of 3,765,264. The business has a 50 day simple moving average of $141.67 and a 200 day simple moving average of $153.65. 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 company has a market cap of $72.41 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49.

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Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 1.46%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's payout ratio is currently 25.31%.

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 on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lb 2018 Gst Trust bought 607,725 shares of the firm's stock in a transaction on Friday, April 4th. The stock was acquired at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the transaction, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.50% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BMO Capital Markets raised their price target on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Barclays reduced their price target on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Citigroup decreased their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. TD Cowen dropped their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company lowered their price objective on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.95.

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.