Commerzbank Aktiengesellschaft FI Makes New Investment in Apollo Global Management, Inc. (NYSE:APO)

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,102 shares of the financial services provider's stock, valued at approximately $517,000.

A number of other large investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in Apollo Global Management by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider's stock worth $713,230,000 after purchasing an additional 254,268 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Apollo Global Management by 60.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider's stock worth $479,057,000 after buying an additional 1,094,464 shares during the period. Bank of New York Mellon Corp grew its holdings in Apollo Global Management by 42.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider's stock worth $436,148,000 after buying an additional 782,700 shares in the last quarter. Janus Henderson Group PLC increased its position in Apollo Global Management by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider's stock valued at $167,298,000 after acquiring an additional 4,892 shares during the period. Finally, Swiss National Bank raised its stake in Apollo Global Management by 0.4% during the 3rd quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider's stock valued at $147,670,000 after acquiring an additional 4,600 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

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Apollo Global Management Trading Down 1.6 %

NYSE APO traded down $2.15 on Friday, hitting $132.63. 5,946,544 shares of the company were exchanged, compared to its average volume of 3,555,060. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The firm has a market capitalization of $75.66 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The company's 50 day moving average price is $159.88 and its 200-day moving average price is $150.35.

Apollo Global Management Cuts Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.39%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's payout ratio is 25.31%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on APO. BMO Capital Markets increased their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Wells Fargo & Company decreased their target price on shares of Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. StockNews.com downgraded shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Morgan Stanley increased their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $165.74.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm'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 approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.50% of the company's stock.

About Apollo Global Management

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.