New York State Common Retirement Fund Purchases 88,900 Shares of Apollo Global Management, Inc. (NYSE:APO)

New York State Common Retirement Fund increased its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 702,236 shares of the financial services provider's stock after buying an additional 88,900 shares during the period. New York State Common Retirement Fund owned 0.12% of Apollo Global Management worth $115,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning raised its position in Apollo Global Management by 5.9% in the third quarter. Creative Planning now owns 41,784 shares of the financial services provider's stock worth $5,219,000 after acquiring an additional 2,316 shares during the period. Blue Trust Inc. boosted its holdings in shares of Apollo Global Management by 230.7% in the third quarter. Blue Trust Inc. now owns 3,208 shares of the financial services provider's stock worth $379,000 after acquiring an additional 2,238 shares during the period. Cyndeo Wealth Partners LLC grew its position in shares of Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after purchasing an additional 77 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Apollo Global Management by 751.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 28,978 shares of the financial services provider's stock valued at $3,620,000 after purchasing an additional 25,575 shares during the period. Finally, Sierra Capital LLC lifted its holdings in Apollo Global Management by 113.4% during the 3rd quarter. Sierra Capital LLC now owns 34,655 shares of the financial services provider's stock worth $4,329,000 after purchasing an additional 18,412 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APO. Piper Sandler raised 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. Keefe, Bruyette & Woods cut their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Citigroup boosted 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. UBS Group upgraded Apollo Global Management to a "hold" rating in a research report on Wednesday, November 13th. Finally, Barclays boosted their target price 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $165.74.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Leon D. Black sold 133,400 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the sale, the insider now owns 35,471,373 shares of the company's stock, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 201,600 shares of company stock worth $34,977,528 over the last 90 days. 8.50% of the stock is owned by company insiders.

Apollo Global Management Trading Down 4.0 %

Shares of APO traded down $6.34 during mid-day trading on Friday, hitting $150.45. 3,731,483 shares of the company's stock traded hands, compared to its average volume of 3,279,721. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $85.13 billion, a P/E ratio of 20.58, a PEG ratio of 1.24 and a beta of 1.63. The business's 50-day moving average price is $166.42 and its 200-day moving average price is $147.17. 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management's payout ratio is 25.31%.

Apollo Global Management Company 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.