Rhumbline Advisers Boosts Holdings in Apollo Global Management, Inc. (NYSE:APO)

Rhumbline Advisers lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 39.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 823,142 shares of the financial services provider's stock after purchasing an additional 232,298 shares during the period. Rhumbline Advisers owned about 0.15% of Apollo Global Management worth $135,950,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Creative Planning increased its holdings in shares of Apollo Global Management by 5.9% in the third quarter. Creative Planning now owns 41,784 shares of the financial services provider's stock worth $5,219,000 after buying an additional 2,316 shares during the period. Bleakley Financial Group LLC grew its position in Apollo Global Management by 2.7% during the 3rd quarter. Bleakley Financial Group LLC now owns 19,482 shares of the financial services provider's stock worth $2,434,000 after acquiring an additional 506 shares during the last quarter. V Square Quantitative Management LLC increased its stake in Apollo Global Management by 57.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,961 shares of the financial services provider's stock worth $245,000 after purchasing an additional 716 shares during the period. Claro Advisors LLC lifted its position in Apollo Global Management by 177.7% in the third quarter. Claro Advisors LLC now owns 4,912 shares of the financial services provider's stock valued at $614,000 after purchasing an additional 3,143 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of Apollo Global Management by 8.3% during the third quarter. Aaron Wealth Advisors LLC now owns 2,726 shares of the financial services provider's stock valued at $341,000 after purchasing an additional 210 shares during the period. Institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APO. Barclays lifted their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Morgan Stanley upped their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. The Goldman Sachs Group raised their target price on Apollo Global Management from $161.00 to $178.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft upped their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Evercore ISI lifted their price objective on Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. 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 stock. According to MarketBeat.com, Apollo Global Management has an average rating of "Moderate Buy" and an average target price of $165.74.

Apollo Global Management Stock Down 1.3 %

Shares of APO traded down $2.08 during mid-day trading on Wednesday, reaching $159.98. The company had a trading volume of 2,957,122 shares, compared to its average volume of 3,254,185. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company 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 firm has a 50-day moving average price of $167.19 and a 200 day moving average price of $147.01. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.16%. Apollo Global Management's payout ratio is presently 25.31%.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. The trade was a 1.31 % 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, 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 transaction, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This trade represents a 0.17 % 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 valued at $34,977,528 in the last quarter. 8.50% of the stock is owned by insiders.

About Apollo Global Management

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.