Horizon Investments LLC Takes $2 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Horizon Investments LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,094 shares of the financial services provider's stock, valued at approximately $1,997,000.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Apollo Global Management by 60.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider's stock valued at $479,057,000 after acquiring an additional 1,094,464 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Apollo Global Management by 42.1% during 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 buying an additional 782,700 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in Apollo Global Management by 15,187.7% in the 4th quarter. Proficio Capital Partners LLC now owns 639,027 shares of the financial services provider's stock worth $105,542,000 after buying an additional 634,847 shares in the last quarter. Principal Financial Group Inc. raised its position in Apollo Global Management by 813.6% in the 4th quarter. Principal Financial Group Inc. now owns 542,780 shares of the financial services provider's stock worth $89,646,000 after buying an additional 483,369 shares during the last quarter. Finally, Holocene Advisors LP lifted its stake in Apollo Global Management by 530.9% during the 3rd quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider's stock valued at $50,242,000 after acquiring an additional 338,472 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on APO shares. Piper Sandler raised their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. Barclays boosted their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. StockNews.com downgraded shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods dropped their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reduced their price objective on Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.21.

Insider Activity at Apollo Global Management

In related news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $71,000,000.00. Following the completion of 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 disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Price Performance

APO stock traded down $1.24 during mid-day trading on Friday, hitting $143.53. The company had a trading volume of 4,012,222 shares, compared to its average volume of 3,379,455. The company has a 50-day moving average price of $154.31 and a 200 day moving average price of $152.02. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a market capitalization of $81.88 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.17 and a beta of 1.66. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.29%. Apollo Global Management's dividend payout ratio is currently 25.31%.

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.