Teachers Retirement System of The State of Kentucky Acquires 9,192 Shares of Apollo Global Management, Inc. (NYSE:APO)

Teachers Retirement System of The State of Kentucky increased its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 247,992 shares of the financial services provider's stock after purchasing an additional 9,192 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Apollo Global Management were worth $40,959,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm'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 sale, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the business's stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the transaction, the insider now directly owns 621,754 shares of the company's stock, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Bank of America raised their price objective on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Wells Fargo & Company lowered their price target on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price objective on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Barclays lowered their target price on Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, Morgan Stanley dropped their target price on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $156.00.

Apollo Global Management Stock Performance

Shares of NYSE:APO traded up $2.94 during midday trading on Wednesday, hitting $126.65. The company's stock had a trading volume of 3,812,561 shares, compared to its average volume of 3,812,992. 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 stock's 50 day simple moving average is $135.86 and its 200 day simple moving average is $153.05. The stock has a market capitalization of $72.25 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) 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.