Twin Capital Management Inc. Takes $1.07 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Twin Capital Management Inc. purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,448 shares of the financial services provider's stock, valued at approximately $1,065,000.

Several other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP grew its position in Apollo Global Management by 50.9% during the third quarter. Quantinno Capital Management LP now owns 18,854 shares of the financial services provider's stock worth $2,355,000 after buying an additional 6,358 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of Apollo Global Management during the third quarter worth about $3,833,000. Insigneo Advisory Services LLC bought a new position in shares of Apollo Global Management in the third quarter worth approximately $316,000. EP Wealth Advisors LLC increased its position in shares of Apollo Global Management by 61.7% in the third quarter. EP Wealth Advisors LLC now owns 5,456 shares of the financial services provider's stock worth $681,000 after purchasing an additional 2,081 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in Apollo Global Management by 11.9% in the third quarter. National Bank of Canada FI now owns 9,089 shares of the financial services provider's stock valued at $1,135,000 after purchasing an additional 970 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Up 1.6 %

Shares of APO stock traded up $2.04 during trading hours on Friday, reaching $125.97. The company's stock had a trading volume of 6,257,035 shares, compared to its average volume of 3,777,021. 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 $71.87 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.17 and a beta of 1.66. The firm's fifty day simple moving average is $141.67 and its 200 day simple moving average is $153.65. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49.

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Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.47%. Apollo Global Management's dividend payout ratio is 25.31%.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the 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 completion of the transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the stock in a transaction on Friday, April 4th. The shares were purchased 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 approximately $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on APO. Bank of America boosted their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Barclays reduced 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. Citigroup dropped their price target on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research note 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. Finally, Wells Fargo & Company decreased their price objective on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $157.95.

Apollo Global Management 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.