New York State Teachers Retirement System Makes New Investment in Apollo Global Management, Inc. (NYSE:APO)

New York State Teachers Retirement System bought a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 306,377 shares of the financial services provider's stock, valued at approximately $50,601,000. New York State Teachers Retirement System owned 0.05% of Apollo Global Management at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APO. Chicago Capital LLC increased its holdings in Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock worth $709,000 after purchasing an additional 69 shares during the period. Menard Financial Group LLC grew its position in Apollo Global Management by 1.2% during the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock worth $720,000 after purchasing an additional 71 shares during the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after buying an additional 77 shares during the last quarter. Sfmg LLC grew its stake in Apollo Global Management by 1.1% during the 3rd 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 during the last quarter. Finally, Cigna Investments Inc. New boosted its position in Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock valued at $645,000 after buying an additional 90 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on APO shares. Wells Fargo & Company lowered their price objective on Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price target on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. UBS Group raised Apollo Global Management to a "hold" rating in a research report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a 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 assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $165.74.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of the firm's stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock worth $34,977,528 over the last 90 days. 8.50% of the stock is owned by insiders.

Apollo Global Management Price Performance

APO traded down $2.08 during midday trading on Wednesday, reaching $159.98. 3,034,923 shares of the company's stock were exchanged, compared to its average volume of 3,256,619. The firm has a market capitalization of $90.52 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.63. The business has a 50-day simple moving average of $166.81 and a two-hundred day simple moving average of $147.10. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is presently 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.