Kovitz Investment Group Partners LLC Acquires 1,035,856 Shares of Apollo Global Management, Inc. (NYSE:APO)

Kovitz Investment Group Partners LLC increased its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 3,257.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,067,659 shares of the financial services provider's stock after acquiring an additional 1,035,856 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.19% of Apollo Global Management worth $176,335,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Apollo Global Management by 8.9% during the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock worth $7,454,560,000 after acquiring an additional 3,691,700 shares during the last quarter. Geode Capital Management LLC raised its holdings in Apollo Global Management by 64.6% during the 4th quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock worth $1,550,316,000 after buying an additional 3,695,979 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Apollo Global Management by 36.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock worth $1,065,615,000 after buying an additional 1,739,807 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Apollo Global Management by 60.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider's stock worth $479,057,000 after buying an additional 1,094,464 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Apollo Global Management by 245.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock worth $438,196,000 after buying an additional 1,886,146 shares during the period. Institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on APO. Wells Fargo & Company dropped their target price on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup dropped their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Barclays dropped their target price on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Bank of America raised their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Finally, TD Cowen lowered their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Apollo Global Management presently has a consensus rating of "Moderate Buy" and an average target price of $156.00.

Apollo Global Management Stock Performance

NYSE:APO traded up $2.96 during mid-day trading on Monday, hitting $136.36. The stock had a trading volume of 2,924,888 shares, compared to its average volume of 3,828,763. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The stock has a market cap of $77.79 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.17 and a beta of 1.66. The company's 50 day simple moving average is $134.70 and its 200 day simple moving average is $153.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

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 paid a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.36%. Apollo Global Management's dividend payout ratio (DPR) is currently 25.31%.

Insider Buying and Selling at Apollo Global Management

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 transaction, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at $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 available through this hyperlink. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares in the company, valued at approximately $69,257,178.06. This trade represents a 4,331.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.50% of the company's stock.

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.