Mizuho Securities USA LLC Buys New Position in Apollo Global Management, Inc. (NYSE:APO)

Mizuho Securities USA LLC bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 42,365 shares of the financial services provider's stock, valued at approximately $6,997,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Menard Financial Group LLC grew its holdings in shares of Apollo Global Management by 1.2% during the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock worth $720,000 after buying an additional 71 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Apollo Global Management by 2.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock valued at $447,000 after acquiring an additional 71 shares during the last quarter. Tower Wealth Partners Inc. boosted its position in Apollo Global Management by 4.4% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 74 shares during the last quarter. Sfmg LLC grew its stake in Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock valued at $902,000 after purchasing an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Apollo Global Management by 0.9% in the fourth quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock valued at $1,639,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

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Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction that occurred on 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 transaction, the insider now directly owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the 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 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 disclosure for this sale can be found here. Company insiders own 8.50% of the company's stock.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of recent analyst reports. TD Cowen increased their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, December 9th. BMO Capital Markets upped their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods reduced their target price on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Piper Sandler increased their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Finally, StockNews.com cut shares of Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Apollo Global Management has an average rating of "Moderate Buy" and an average price target of $165.21.

Apollo Global Management Price Performance

Shares of APO traded down $2.46 during trading hours on Thursday, reaching $142.18. The stock had a trading volume of 2,226,366 shares, compared to its average volume of 3,380,757. 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, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The stock has a market capitalization of $81.11 billion, a PE ratio of 19.45, a PEG ratio of 1.17 and a beta of 1.66. The company's 50-day moving average is $153.54 and its two-hundred day moving average is $152.82.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's payout ratio is 25.31%.

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.