10,348 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by United Services Automobile Association

United Services Automobile Association acquired a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,348 shares of the financial services provider's stock, valued at approximately $1,709,000.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on APO shares. Barclays increased their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, December 9th. BMO Capital Markets boosted their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Morgan Stanley upped 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 research report on Tuesday, February 11th. StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Finally, Piper Sandler upped their target price 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. One 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $165.21.

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Apollo Global Management Stock Down 3.6 %

Shares of APO stock traded down $5.14 during trading hours on Friday, reaching $136.89. The company had a trading volume of 3,123,875 shares, compared to its average volume of 3,532,593. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The business has a fifty day simple moving average of $152.47 and a 200-day simple moving average of $152.95. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a market cap of $78.09 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.35%. Apollo Global Management's payout ratio is 25.31%.

Insider Activity

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was 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 of the company's stock, valued at approximately $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 of the company's stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.

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.