Legal & General Group Plc Has $564.08 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Legal & General Group Plc lessened its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 19.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,415,367 shares of the financial services provider's stock after selling 803,893 shares during the period. Legal & General Group Plc owned 0.60% of Apollo Global Management worth $564,082,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, insider Lb 2018 Gst Trust acquired 607,725 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the acquisition, the insider now directly owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. The trade was a 4,331.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction dated 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 sale, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.50% of the company's stock.

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Apollo Global Management Stock Up 1.6 %

Shares of Apollo Global Management stock traded up $2.04 during trading on Friday, reaching $125.97. The stock had a trading volume of 6,257,035 shares, compared to its average volume of 3,777,021. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $71.87 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 1.17 and a beta of 1.66. The stock has a fifty day moving average price of $141.67 and a two-hundred day moving average price of $153.65. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's payout ratio is 25.31%.

Analysts Set New Price Targets

A number of analysts have commented on APO shares. Raymond James began coverage on shares of Apollo Global Management in a report on Thursday. They set a "strong-buy" rating and a $173.00 target price for the company. Piper Sandler dropped their price objective on Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their target price on 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. Barclays decreased their target price on Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Finally, TD Cowen cut their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $157.95.

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.