Maestria Partners LLC Makes New $28.07 Million Investment in Apollo Global Management, Inc. (NYSE:APO)

Maestria Partners LLC bought a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 169,952 shares of the financial services provider's stock, valued at approximately $28,069,000. Apollo Global Management makes up approximately 11.1% of Maestria Partners LLC's investment portfolio, making the stock its 2nd biggest position.

Several other hedge funds also recently modified their holdings of the stock. CIBC Asset Management Inc boosted its holdings in Apollo Global Management by 4.9% during the third quarter. CIBC Asset Management Inc now owns 19,094 shares of the financial services provider's stock worth $2,385,000 after purchasing an additional 899 shares during the last quarter. Natixis Advisors LLC lifted its position in shares of Apollo Global Management by 4.1% during the 3rd quarter. Natixis Advisors LLC now owns 156,585 shares of the financial services provider's stock worth $19,559,000 after buying an additional 6,197 shares in the last quarter. Claro Advisors LLC boosted its stake in shares of Apollo Global Management by 5.7% in the 3rd quarter. Claro Advisors LLC now owns 1,869 shares of the financial services provider's stock worth $233,000 after buying an additional 100 shares during the last quarter. Quest Partners LLC bought a new position in shares of Apollo Global Management in the third quarter valued at approximately $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 approximately $2,125,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Remove Ads

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded up $5.18 on Monday, reaching $148.59. The stock had a trading volume of 3,156,101 shares, compared to its average volume of 3,378,556. The business's 50 day moving average is $154.19 and its two-hundred day moving average is $152.60. 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, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a market cap of $84.77 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

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 1.25%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is presently 25.31%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on APO shares. Barclays boosted their price objective on Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods cut 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 report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on shares of Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating for the company in a research report on Thursday. Morgan Stanley lifted their price objective on shares of 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. Finally, Piper Sandler boosted their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $165.21.

Insider Buying and Selling at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now directly owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.