New Mexico Educational Retirement Board Invests $3.58 Million in Apollo Global Management, Inc. (NYSE:APO)

New Mexico Educational Retirement Board bought a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 21,700 shares of the financial services provider's stock, valued at approximately $3,584,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in APO. 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 worth $225,600,000 after acquiring an additional 383,557 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Apollo Global Management by 12,086.7% in the 3rd 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 lifted its stake in Apollo Global Management by 530.9% in the 3rd quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider's stock valued at $50,242,000 after purchasing an additional 338,472 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $50,601,000. Finally, Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 254,268 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Analyst Ratings Changes

APO has been the topic of several recent research reports. Morgan Stanley raised their price objective on Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Wells Fargo & Company cut their price target on Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. TD Cowen upped their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, December 9th. UBS Group upgraded shares of Apollo Global Management to a "hold" rating in a research report on Wednesday, November 13th. Finally, Citigroup upped their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $165.74.

Apollo Global Management Stock Down 1.3 %

Shares of APO traded down $2.08 during trading hours on Wednesday, hitting $159.98. The stock had a trading volume of 2,957,122 shares, compared to its average volume of 3,254,185. The firm has a market capitalization of $90.52 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.63. The firm has a 50 day simple moving average of $167.19 and a 200-day simple moving average of $147.01. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management Cuts Dividend

The firm 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 dividend yield of 1.16%. Apollo Global Management's dividend payout ratio is presently 25.31%.

Insider Activity at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 201,600 shares of company stock valued at $34,977,528. 8.50% of the stock is owned by corporate insiders.

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.