Quantbot Technologies LP Purchases Shares of 11,903 Apollo Global Management, Inc. (NYSE:APO)

Quantbot Technologies LP bought a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,903 shares of the financial services provider's stock, valued at approximately $1,966,000.

A number of other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 valued at $479,057,000 after buying an additional 1,094,464 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $436,148,000 after purchasing an additional 782,700 shares in the last quarter. Proficio Capital Partners LLC raised its position 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 purchasing an additional 634,847 shares during the period. Principal Financial Group Inc. lifted its stake 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 worth $89,646,000 after purchasing an additional 483,369 shares during the last quarter. Finally, Holocene Advisors LP grew its stake in shares of Apollo Global Management by 530.9% during the third quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider's stock valued at $50,242,000 after buying an additional 338,472 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company dropped their price objective on Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Piper Sandler raised their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. TD Cowen upped their price objective on shares of 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 lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Finally, Morgan Stanley boosted their price target 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $165.21.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction on 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 sale, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now 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 disclosure for this sale can be found here. Company insiders own 8.50% of the company's stock.

Apollo Global Management Stock Down 1.7 %

Shares of Apollo Global Management stock traded down $2.46 on Thursday, reaching $142.18. The company's stock had a trading volume of 2,226,366 shares, compared to its average volume of 3,380,757. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The firm's fifty day simple moving average is $153.54 and its two-hundred day simple moving average is $152.82. 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 company has a market capitalization of $81.11 billion, a price-to-earnings 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. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's payout ratio 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.