8,258 Shares in Apollo Global Management, Inc. (NYSE:APO) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,258 shares of the financial services provider's stock, valued at approximately $1,364,000.

Several other hedge funds also recently modified their holdings of APO. Resona Asset Management Co. Ltd. bought a new stake in Apollo Global Management in the 4th quarter worth about $19,388,000. Islay Capital Management LLC grew its holdings in shares of Apollo Global Management by 4.9% in the fourth quarter. Islay Capital Management LLC now owns 8,037 shares of the financial services provider's stock valued at $1,327,000 after acquiring an additional 375 shares in the last quarter. Riverwater Partners LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $325,000. Smith Moore & CO. lifted its holdings in Apollo Global Management by 2.8% during the fourth quarter. Smith Moore & CO. now owns 3,685 shares of the financial services provider's stock worth $609,000 after acquiring an additional 100 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new position in Apollo Global Management in the fourth quarter worth $500,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Down 2.6 %

Shares of Apollo Global Management stock traded down $3.16 during trading on Friday, reaching $120.77. The company's stock had a trading volume of 1,558,813 shares, compared to its average volume of 3,743,243. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The firm's 50-day moving average is $142.41 and its two-hundred day moving average is $153.44. The company has a market cap of $68.90 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.53%. Apollo Global Management's dividend payout ratio (DPR) is currently 25.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. BMO Capital Markets lifted their target price 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. Raymond James began coverage on shares of Apollo Global Management in a research note on Thursday. They issued a "strong-buy" rating and a $173.00 target price on the stock. Bank of America raised their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. TD Cowen dropped their price objective on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Citigroup decreased their target price on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of "Moderate Buy" and an average target price of $157.95.

Insider Activity

In related news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now directly owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares of the company's stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.50% of the company's stock.

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.