Tocqueville Asset Management L.P. Has $81.05 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Tocqueville Asset Management L.P. raised its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 1.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 490,748 shares of the financial services provider's stock after acquiring an additional 4,926 shares during the period. Apollo Global Management comprises 1.3% of Tocqueville Asset Management L.P.'s portfolio, making the stock its 12th biggest position. Tocqueville Asset Management L.P. owned about 0.09% of Apollo Global Management worth $81,052,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of APO. Hopwood Financial Services Inc. acquired a new position in Apollo Global Management during the fourth quarter worth $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the 4th quarter worth about $34,000. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management during the 4th quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management in the 4th quarter valued at about $39,000. Finally, HM Payson & Co. acquired a new stake in shares of 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on APO shares. BMO Capital Markets raised their price target on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods decreased 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. The Goldman Sachs Group upped their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Morgan Stanley upped their target price 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. Finally, Wells Fargo & Company reduced their price target on Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $165.74.

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Insider Buying and Selling

In other news, 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 transaction of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Stock Performance

NYSE APO traded up $6.65 during trading on Wednesday, reaching $144.09. The company's stock had a trading volume of 2,753,403 shares, compared to its average volume of 3,359,390. The firm has a 50 day moving average price of $155.26 and a 200 day moving average price of $151.65. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The firm has a market capitalization of $82.20 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

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 dividend yield of 1.28%. The ex-dividend date 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.