Generali Asset Management SPA SGR Buys New Shares in Apollo Global Management, Inc. (NYSE:APO)

Generali Asset Management SPA SGR purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,852 shares of the financial services provider's stock, valued at approximately $306,000.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Apollo Global Management by 4.7% during 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 acquiring an additional 254,268 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 purchasing an additional 1,094,464 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Apollo Global Management by 42.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider's stock valued at $436,148,000 after purchasing an additional 782,700 shares during the period. Janus Henderson Group PLC grew its holdings in Apollo Global Management by 0.4% in the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider's stock valued at $167,298,000 after purchasing an additional 4,892 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Apollo Global Management by 0.7% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 958,745 shares of the financial services provider's stock valued at $158,346,000 after buying an additional 6,955 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

APO has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Morgan Stanley upped their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Piper Sandler lifted their price objective on Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Finally, Barclays boosted 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $165.21.

Insider Activity

In other news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction 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 completion of the sale, the insider now directly owns 34,604,773 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders own 8.50% of the company's stock.

Apollo Global Management Trading Down 0.5 %

APO stock traded down $0.73 during midday trading on Tuesday, hitting $147.67. 2,429,928 shares of the company's stock were exchanged, compared to its average volume of 3,378,378. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. 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 stock has a market capitalization of $84.24 billion, a PE ratio of 20.20, a P/E/G ratio of 1.17 and a beta of 1.66. The business has a 50-day simple moving average of $154.19 and a two-hundred day simple moving average of $152.60.

Apollo Global Management Cuts Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is presently 25.31%.

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.