156,514 Shares in Apollo Global Management, Inc. (NYSE:APO) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 156,514 shares of the financial services provider's stock, valued at approximately $25,850,000.

Several other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. raised its stake in shares of Apollo Global Management by 18.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 10,065 shares of the financial services provider's stock valued at $1,662,000 after purchasing an additional 1,551 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Apollo Global Management by 5.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 182,744 shares of the financial services provider's stock valued at $30,182,000 after buying an additional 10,212 shares in the last quarter. Securian Asset Management Inc. bought a new position in shares of Apollo Global Management during the 4th quarter worth about $3,968,000. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at about $33,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Apollo Global Management by 122.1% during the 4th quarter. Farther Finance Advisors LLC now owns 3,661 shares of the financial services provider's stock valued at $605,000 after acquiring an additional 2,013 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated 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 $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 Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is currently owned by company insiders.

Remove Ads

Apollo Global Management Trading Down 3.5 %

Shares of NYSE:APO traded down $4.76 during trading on Thursday, hitting $130.16. 4,018,032 shares of the company's stock were exchanged, compared to its average volume of 3,728,011. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $74.25 billion, a P/E ratio of 17.81, a PEG ratio of 1.17 and a beta of 1.66. The firm has a 50-day moving average price of $157.77 and a two-hundred day moving average price of $150.78. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently announced 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 dividend yield of 1.42%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's payout ratio is 25.31%.

Analysts Set New Price Targets

APO has been the subject of a number of recent research reports. Morgan Stanley increased their target price on Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. The Goldman Sachs Group upped their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. UBS Group raised shares of Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. BMO Capital Markets boosted their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Finally, Barclays increased their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $165.74.

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.