KLP Kapitalforvaltning AS Invests $22.10 Million in Apollo Global Management, Inc. (NYSE:APO)

KLP Kapitalforvaltning AS purchased a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 133,790 shares of the financial services provider's stock, valued at approximately $22,097,000.

A number of other hedge funds also recently made changes to their positions in the business. Hopwood Financial Services Inc. bought a new stake in Apollo Global Management in the fourth quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management during the fourth quarter valued at approximately $34,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $37,000. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management in the 4th quarter worth approximately $39,000. Finally, HM Payson & Co. bought a new position in shares of Apollo Global Management during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the firm'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 transaction of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade 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 insiders.

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Apollo Global Management Trading Down 1.7 %

NYSE APO traded down $2.46 on Thursday, reaching $142.18. The company had a trading volume of 2,226,366 shares, compared to its average volume of 3,387,348. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The stock's 50 day moving average is $153.54 and its 200-day moving average is $152.82. 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 has a market cap of $81.11 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The company also recently declared 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 was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.30%. Apollo Global Management's dividend payout ratio is 25.31%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Piper Sandler increased their price objective 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 target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods reduced 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 report on Wednesday, February 5th. Wells Fargo & Company cut their target price on shares of Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Finally, Morgan Stanley increased their price target on Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $165.21.

Apollo Global Management 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.