Handelsbanken Fonder AB Has $26.62 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Handelsbanken Fonder AB increased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,172 shares of the financial services provider's stock after buying an additional 13,105 shares during the quarter. Handelsbanken Fonder AB's holdings in Apollo Global Management were worth $26,619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Byrne Asset Management LLC bought a new position in Apollo Global Management in the fourth quarter valued at approximately $37,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $39,000. UMB Bank n.a. lifted its holdings in shares of Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 228 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Apollo Global Management during the third quarter worth about $80,000. Finally, Truvestments Capital LLC bought a new position in shares of Apollo Global Management during the third quarter worth about $83,000. 77.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction on Monday, December 2nd. The shares were 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 owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,600 shares of company stock valued at $34,977,528 over the last quarter. 8.50% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

Shares of APO traded down $6.34 during mid-day trading on Friday, hitting $150.45. 3,731,483 shares of the company's stock were exchanged, compared to its average volume of 3,279,721. The firm has a market cap of $85.13 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week 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 stock's 50-day simple moving average is $166.42 and its 200-day simple moving average is $147.17.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is currently 25.31%.

Analysts Set New Price Targets

APO has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their target price on Apollo Global Management from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Citigroup boosted their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. TD Cowen raised their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Evercore ISI boosted their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, Piper Sandler increased their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. One equities 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. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price 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.