Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 305,380 shares of the financial services provider's stock after purchasing an additional 4,906 shares during the quarter. Royal London Asset Management Ltd. owned 0.05% of Apollo Global Management worth $50,437,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at $1,359,000. Vinva Investment Management Ltd bought a new stake in Apollo Global Management during the 4th quarter valued at approximately $307,000. Xponance Inc. grew its stake in shares of Apollo Global Management by 32.9% in the fourth quarter. Xponance Inc. now owns 99,910 shares of the financial services provider's stock worth $16,501,000 after acquiring an additional 24,748 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Apollo Global Management during the 4th quarter valued at $306,000. Finally, Horizon Investments LLC acquired a new stake in Apollo Global Management during the fourth quarter worth about $1,997,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Down 0.5 %

NYSE:APO traded down $0.73 during mid-day trading on Tuesday, hitting $147.67. 2,429,928 shares of the company's stock were exchanged, compared to its average volume of 3,378,378. The business has a fifty day moving average price of $154.19 and a 200 day moving average price of $152.60. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a market cap of $84.24 billion, a PE ratio of 20.20, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

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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 paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is presently 25.31%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on APO. StockNews.com cut Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Wells Fargo & Company lowered their price target on shares of Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Barclays upped their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. TD Cowen lifted their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, Piper Sandler boosted their target price on Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus 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 that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares of the company's stock, 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. Corporate 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.