Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 50.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,854 shares of the financial services provider's stock after acquiring an additional 6,358 shares during the quarter. Quantinno Capital Management LP's holdings in Apollo Global Management were worth $2,355,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Apollo Global Management during the 2nd quarter valued at about $62,972,000. Marshall Wace LLP raised its position in Apollo Global Management by 74.5% during the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider's stock valued at $112,836,000 after acquiring an additional 408,105 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Apollo Global Management by 27.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock valued at $225,600,000 after acquiring an additional 383,557 shares during the period. International Assets Investment Management LLC boosted its position in Apollo Global Management by 12,086.7% in the 3rd quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider's stock worth $462,460,000 after purchasing an additional 367,195 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in shares of Apollo Global Management by 530.9% during the 3rd quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider's stock worth $50,242,000 after purchasing an additional 338,472 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday. Piper Sandler initiated coverage on shares of Apollo Global Management in a research note on Tuesday, November 19th. They issued an "overweight" rating and a $188.00 price objective for the company. Citigroup upped their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, TD Cowen raised their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.16.

Apollo Global Management Stock Performance

NYSE:APO traded up $4.01 during trading hours on Wednesday, reaching $178.72. 3,903,837 shares of the company's stock were exchanged, compared to its average volume of 2,825,326. 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 $101.12 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a 1-year low of $89.76 and a 1-year high of $189.49. The company has a 50-day moving average of $155.27 and a 200 day moving average of $129.81.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a $0.463 dividend. This represents a $1.85 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Monday, November 18th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is 19.33%.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Leon D. Black sold 133,400 shares of the business'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 completion of the transaction, the insider now directly owns 35,471,373 shares of the company's stock, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock valued at $34,186,128 in the last ninety days. Insiders own 8.50% of the company's stock.

Apollo Global Management 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.