Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 4.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,717,266 shares of the financial services provider's stock after acquiring an additional 254,268 shares during the period. Geode Capital Management LLC owned approximately 1.00% of Apollo Global Management worth $713,230,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in shares of Apollo Global Management in the second quarter valued at $35,000. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management in the 3rd quarter valued at about $35,000. Prospera Private Wealth LLC purchased a new position in Apollo Global Management during the 3rd quarter valued at about $80,000. Truvestments Capital LLC acquired a new position in Apollo Global Management during the third quarter worth about $83,000. Finally, Allworth Financial LP lifted its holdings in shares of Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock valued at $91,000 after purchasing an additional 91 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now directly owns 35,471,373 shares of the company's stock, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock worth $34,186,128 in the last three months. 8.50% of the stock is owned by insiders.

Apollo Global Management Stock Performance

Shares of NYSE APO traded down $2.21 during midday trading on Thursday, hitting $176.40. The company's stock had a trading volume of 3,547,458 shares, compared to its average volume of 2,837,445. The firm has a market cap of $99.81 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a 1-year low of $89.76 and a 1-year high of $189.49. The firm's fifty day moving average price is $157.09 and its 200-day moving average price is $130.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.05%. Apollo Global Management's dividend payout ratio (DPR) is 19.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Apollo Global Management from $159.00 to $168.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Piper Sandler initiated coverage on Apollo Global Management in a research report on Tuesday, November 19th. They set an "overweight" rating and a $188.00 price objective for the company. Redburn Partners began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Argus cut their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $160.89.

Apollo Global Management Company 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.