Louisiana State Employees Retirement System Invests $3.96 Million in Apollo Global Management, Inc. (NYSE:APO)

Louisiana State Employees Retirement System acquired a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,000 shares of the financial services provider's stock, valued at approximately $3,964,000.

Several other hedge funds have also bought and sold shares of the stock. Chicago Capital LLC boosted its position in Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock worth $709,000 after purchasing an additional 69 shares in the last quarter. Menard Financial Group LLC lifted its position in shares of Apollo Global Management by 1.2% during the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock valued at $720,000 after buying an additional 71 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its position in shares of Apollo Global Management by 3.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after buying an additional 77 shares in the last quarter. Sfmg LLC lifted its position in shares of Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock valued at $902,000 after buying an additional 79 shares in the last quarter. Finally, Cigna Investments Inc. New lifted its position in shares of Apollo Global Management by 1.8% during the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock valued at $645,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APO. StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Morgan Stanley raised their target price 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. Wells Fargo & Company cut their target price on Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, BMO Capital Markets raised their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $165.74.

Apollo Global Management Stock Up 3.2 %

NYSE:APO traded up $5.03 during midday trading on Friday, reaching $162.95. The company had a trading volume of 2,665,760 shares, compared to its average volume of 3,235,579. The firm has a market capitalization of $92.20 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.28 and a beta of 1.63. The stock's fifty day simple moving average is $167.64 and its 200-day simple moving average is $146.27. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.14%. Apollo Global Management's dividend payout ratio (DPR) is presently 25.31%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares of the company's stock, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 201,600 shares of company stock valued at $34,977,528 in the last ninety days. 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.