Pacer Advisors Inc. Grows Position in Apollo Global Management, Inc. (NYSE:APO)

Pacer Advisors Inc. boosted its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 357,460.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,756 shares of the financial services provider's stock after acquiring an additional 35,746 shares during the quarter. Pacer Advisors Inc.'s holdings in Apollo Global Management were worth $5,905,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in APO. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the 3rd quarter valued at $35,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at $39,000. UMB Bank n.a. lifted its holdings in Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock worth $46,000 after buying an additional 228 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at about $80,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Apollo Global Management during the 3rd quarter worth about $83,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Leon D. Black sold 58,200 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,600 shares of company stock valued at $34,186,128. Corporate insiders own 8.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group increased their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. TD Cowen increased their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, December 9th. BMO Capital Markets boosted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Finally, UBS Group raised Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, Apollo Global Management has an average rating of "Moderate Buy" and a consensus price target of $164.32.

Apollo Global Management Price Performance

Shares of NYSE APO traded up $0.77 during trading on Thursday, hitting $171.87. 2,643,739 shares of the company were exchanged, compared to its average volume of 3,399,245. The firm's fifty day moving average price is $169.91 and its 200 day moving average price is $142.64. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $97.25 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.36 and a beta of 1.63. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a dividend of $0.463 per share. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management's dividend payout ratio is presently 19.33%.

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.