Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Cibc World Markets Corp

Cibc World Markets Corp lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 194.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 68,352 shares of the financial services provider's stock after acquiring an additional 45,142 shares during the period. Cibc World Markets Corp's holdings in Apollo Global Management were worth $11,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hopwood Financial Services Inc. purchased a new position in Apollo Global Management during the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management during the 4th quarter worth approximately $34,000. Byrne Asset Management LLC purchased a new position in Apollo Global Management during the 4th quarter worth approximately $37,000. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management during the 4th quarter worth approximately $39,000. Finally, HM Payson & Co. purchased a new position in Apollo Global Management during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD Cowen raised their price target on Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. 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 note on Thursday, December 19th. Keefe, Bruyette & Woods lowered their target price on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Finally, Piper Sandler lifted their target price on Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.74.

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Apollo Global Management Trading Up 5.0 %

NYSE APO traded up $6.82 during trading hours on Wednesday, hitting $144.26. 2,235,584 shares of the company's stock were exchanged, compared to its average volume of 3,357,675. The business's 50 day moving average is $155.26 and its 200-day moving average is $151.65. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The firm has a market capitalization of $82.29 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.28%. Apollo Global Management's dividend payout ratio is presently 25.31%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.50% of the stock is currently owned by insiders.

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.