Van ECK Associates Corp Acquires 6,982 Shares of Apollo Global Management, Inc. (NYSE:APO)

Van ECK Associates Corp grew its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,925 shares of the financial services provider's stock after acquiring an additional 6,982 shares during the quarter. Van ECK Associates Corp's holdings in Apollo Global Management were worth $14,357,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $37,000. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $39,000. UMB Bank n.a. increased its stake in shares of Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after buying an additional 228 shares during the period. Versant Capital Management Inc increased its stake in shares of Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock valued at $83,000 after buying an additional 336 shares during the period. Finally, Y.D. More Investments Ltd acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $89,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analyst Weigh In

APO has been the subject of several recent research reports. StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Barclays increased their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Citigroup increased their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Evercore ISI increased their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $165.74.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the transaction, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 201,600 shares of company stock worth $34,977,528 in the last ninety days. Corporate insiders own 8.50% of the company's stock.

Apollo Global Management Stock Down 1.3 %

Shares of APO traded down $2.08 during trading hours on Wednesday, reaching $159.98. The stock had a trading volume of 2,957,027 shares, compared to its average volume of 3,250,465. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The firm has a 50-day simple moving average of $167.19 and a 200 day simple moving average of $147.01. 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 company has a market capitalization of $90.52 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.26 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management's dividend payout ratio is currently 25.31%.

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.