Intech Investment Management LLC Reduces Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Intech Investment Management LLC trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,705 shares of the financial services provider's stock after selling 5,988 shares during the period. Intech Investment Management LLC's holdings in Apollo Global Management were worth $2,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its position in Apollo Global Management by 4.9% during the 3rd quarter. CIBC Asset Management Inc now owns 19,094 shares of the financial services provider's stock valued at $2,385,000 after acquiring an additional 899 shares in the last quarter. Natixis Advisors LLC boosted its position in Apollo Global Management by 4.1% during the third quarter. Natixis Advisors LLC now owns 156,585 shares of the financial services provider's stock valued at $19,559,000 after purchasing an additional 6,197 shares in the last quarter. Claro Advisors LLC grew its stake in Apollo Global Management by 5.7% in the third quarter. Claro Advisors LLC now owns 1,869 shares of the financial services provider's stock valued at $233,000 after purchasing an additional 100 shares during the last quarter. Quest Partners LLC bought a new position in Apollo Global Management in the third quarter worth about $1,079,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Apollo Global Management during the third quarter valued at about $2,125,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

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Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents 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 company insiders.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of analyst reports. Barclays raised 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 note on Monday, December 9th. Piper Sandler boosted their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. BMO Capital Markets increased 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. Morgan Stanley boosted their price target on Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Finally, Keefe, Bruyette & Woods decreased 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 investment 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's stock. According to data from MarketBeat, Apollo Global Management has an average rating of "Moderate Buy" and a consensus price target of $165.21.

Apollo Global Management Price Performance

APO traded up $5.18 during trading on Monday, hitting $148.59. The company's stock had a trading volume of 3,156,101 shares, compared to its average volume of 3,378,555. The firm has a market capitalization of $84.77 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The business's fifty day simple moving average is $154.31 and its 200 day simple moving average is $152.32. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

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