HUB Investment Partners LLC Sells 13,093 Shares of Apollo Global Management, Inc. (NYSE:APO)

HUB Investment Partners LLC decreased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,043 shares of the financial services provider's stock after selling 13,093 shares during the period. Apollo Global Management accounts for about 0.9% of HUB Investment Partners LLC's portfolio, making the stock its 24th biggest position. HUB Investment Partners LLC's holdings in Apollo Global Management were worth $21,973,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Maestria Partners LLC bought a new position in Apollo Global Management during the fourth quarter worth $28,069,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Apollo Global Management during the 4th quarter worth about $15,697,000. iA Global Asset Management Inc. boosted its position in shares of Apollo Global Management by 0.4% during the 4th quarter. iA Global Asset Management Inc. now owns 250,692 shares of the financial services provider's stock worth $41,404,000 after purchasing an additional 914 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in shares of Apollo Global Management by 1.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 305,380 shares of the financial services provider's stock valued at $50,437,000 after buying an additional 4,906 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in Apollo Global Management in the 4th quarter valued at about $1,359,000. Institutional investors and hedge funds own 77.06% of the company's stock.

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Apollo Global Management Stock Performance

Shares of Apollo Global Management stock traded up $5.18 during trading hours on Monday, reaching $148.59. The company had a trading volume of 3,156,101 shares, compared to its average volume of 3,378,556. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The firm has a market cap of $84.77 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The business has a fifty day simple moving average of $154.19 and a 200 day simple moving average of $152.60.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's payout ratio is presently 25.31%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on APO shares. Piper Sandler boosted their price objective on Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. TD Cowen upped their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, December 9th. BMO Capital Markets lifted their price target on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Barclays lifted their target price on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and a consensus price target of $165.21.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company's 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 $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.50% of the company's stock.

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.