Apollo Global Management, Inc. (NYSE:APO) is Partners Group Holding AG's 3rd Largest Position

Partners Group Holding AG decreased its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 27.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 559,400 shares of the financial services provider's stock after selling 216,327 shares during the period. Apollo Global Management makes up about 3.3% of Partners Group Holding AG's investment portfolio, making the stock its 3rd largest position. Partners Group Holding AG owned 0.10% of Apollo Global Management worth $92,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Apollo Global Management by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock valued at $7,454,560,000 after purchasing an additional 3,691,700 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Apollo Global Management by 60.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider's stock worth $479,057,000 after acquiring an additional 1,094,464 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Apollo Global Management by 42.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider's stock worth $436,148,000 after acquiring an additional 782,700 shares during the period. Proficio Capital Partners LLC boosted its holdings in Apollo Global Management by 15,187.7% in the 4th quarter. Proficio Capital Partners LLC now owns 639,027 shares of the financial services provider's stock worth $105,542,000 after acquiring an additional 634,847 shares during the period. Finally, Principal Financial Group Inc. grew its position in Apollo Global Management by 813.6% in the fourth quarter. Principal Financial Group Inc. now owns 542,780 shares of the financial services provider's stock valued at $89,646,000 after acquiring an additional 483,369 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

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Apollo Global Management Stock Performance

Shares of NYSE APO traded down $2.46 during midday trading on Thursday, hitting $142.18. The company's stock had a trading volume of 2,226,366 shares, compared to its average volume of 3,387,348. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The firm's fifty day moving average price is $153.07 and its 200-day moving average price is $152.75. The firm has a market cap of $81.11 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is 25.31%.

Analysts Set New Price Targets

APO has been the topic of a number of recent research reports. Piper Sandler boosted their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Barclays boosted their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. TD Cowen raised their target price 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. StockNews.com cut Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets raised their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. 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 stock. According to MarketBeat, Apollo Global Management currently has an average rating of "Moderate Buy" and an average price target of $165.21.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the transaction, the insider now owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.50% of the company's stock.

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.