Securian Asset Management Inc. Purchases Shares of 24,023 Apollo Global Management, Inc. (NYSE:APO)

Securian Asset Management Inc. purchased a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,023 shares of the financial services provider's stock, valued at approximately $3,968,000.

A number of other hedge funds also recently made changes to their positions in APO. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the fourth quarter worth about $34,000. Byrne Asset Management LLC acquired a new stake in Apollo Global Management during the fourth quarter valued at approximately $37,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $39,000. Finally, HM Payson & Co. bought a new position in shares of Apollo Global Management during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction 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 sale, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.50% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Piper Sandler upped their price target on Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. BMO Capital Markets upped their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Morgan Stanley lifted their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. TD Cowen upped their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.74.

Apollo Global Management Trading Down 3.5 %

NYSE APO traded down $4.76 on Thursday, reaching $130.16. The company had a trading volume of 4,018,032 shares, compared to its average volume of 3,728,011. The stock has a market cap of $74.25 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The stock's 50 day moving average is $157.77 and its 200-day moving average is $150.78. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is currently 25.31%.

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.