4,398 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Stevens Capital Management LP

Stevens Capital Management LP acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,398 shares of the financial services provider's stock, valued at approximately $726,000.

Other institutional investors have also modified their holdings of the company. Hopwood Financial Services Inc. purchased a new position in Apollo Global Management in the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at about $34,000. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management during the fourth quarter worth about $39,000. Finally, HM Payson & Co. acquired a new stake in Apollo Global Management in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was 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. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.50% of the company's stock.

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Apollo Global Management Trading Down 1.7 %

Shares of Apollo Global Management stock traded down $2.46 during mid-day trading on Thursday, hitting $142.18. 2,226,366 shares of the stock were exchanged, compared to its average volume of 3,387,348. The company has a 50-day simple moving average of $153.07 and a 200 day simple moving average of $152.75. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $81.11 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is 25.31%.

Analyst Ratings Changes

A number of brokerages recently weighed in on APO. Keefe, Bruyette & Woods dropped their price objective on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company lowered their price target on shares of Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. Morgan Stanley raised 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. Piper Sandler upped their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, BMO Capital Markets lifted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Apollo Global Management has an average rating of "Moderate Buy" and an average price target of $165.21.

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.