13,248 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Myriad Asset Management US LP

Myriad Asset Management US LP acquired a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,248 shares of the financial services provider's stock, valued at approximately $2,188,000. Apollo Global Management makes up approximately 1.5% of Myriad Asset Management US LP's holdings, making the stock its 15th biggest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Apollo Global Management by 27.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock valued at $225,600,000 after purchasing an additional 383,557 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Apollo Global Management by 12,086.7% in the third quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider's stock valued at $462,460,000 after purchasing an additional 367,195 shares during the last quarter. Holocene Advisors LP grew its position in Apollo Global Management by 530.9% during the third quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider's stock worth $50,242,000 after buying an additional 338,472 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Apollo Global Management during the fourth quarter worth about $50,601,000. Finally, Geode Capital Management LLC lifted its stake in Apollo Global Management by 4.7% during the third quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider's stock worth $713,230,000 after purchasing an additional 254,268 shares during the period. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the company's stock in a transaction on 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 owns 35,104,773 shares of the company's stock, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,600 shares of company stock valued at $34,977,528. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock traded down $2.08 during midday trading on Wednesday, hitting $159.98. The company had a trading volume of 3,034,923 shares, compared to its average volume of 3,256,619. The stock has a market cap of $90.52 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 1.26 and a beta of 1.63. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a fifty day simple moving average of $166.81 and a 200 day simple moving average of $147.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders 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 1.16%. Apollo Global Management's payout ratio is currently 25.31%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Morgan Stanley increased their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. StockNews.com downgraded shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Finally, Evercore ISI lifted their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $165.74.

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.