95,044 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 95,044 shares of the financial services provider's stock, valued at approximately $15,697,000.

A number of other large investors have also recently bought and sold shares of the company. Hopwood Financial Services Inc. bought a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the fourth quarter worth $34,000. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at $37,000. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management in the 4th quarter valued at $39,000. Finally, HM Payson & Co. acquired a new position in shares of Apollo Global Management during the 4th quarter worth $45,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred 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 directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

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Apollo Global Management Trading Down 0.5 %

Apollo Global Management stock traded down $0.73 during mid-day trading on Tuesday, hitting $147.67. 2,429,928 shares of the stock were exchanged, compared to its average volume of 3,378,378. The stock has a market capitalization of $84.24 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month 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 firm's fifty day simple moving average is $154.19 and its two-hundred day simple moving average is $152.60.

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 paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is presently 25.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on APO shares. TD Cowen lifted their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Morgan Stanley lifted their price target 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. StockNews.com downgraded shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Wells Fargo & Company decreased their target price on shares of Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Finally, Piper Sandler increased their price target 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 issued a buy rating to the stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of "Moderate Buy" and a consensus price target of $165.21.

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.