Vinva Investment Management Ltd Invests $307,000 in Apollo Global Management, Inc. (NYSE:APO)

Vinva Investment Management Ltd bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,843 shares of the financial services provider's stock, valued at approximately $307,000.

Several other institutional investors and hedge funds also recently modified their holdings of APO. Partners Group Holding AG lifted its stake in Apollo Global Management by 26.5% in the 3rd quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider's stock valued at $96,896,000 after buying an additional 162,678 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at $3,994,000. Swedbank AB increased its position in Apollo Global Management by 50.9% during the 3rd quarter. Swedbank AB now owns 77,938 shares of the financial services provider's stock worth $9,735,000 after purchasing an additional 26,300 shares in the last quarter. Fortress Financial Solutions LLC acquired a new position in Apollo Global Management in the 4th quarter valued at about $685,000. Finally, Leavell Investment Management Inc. lifted its stake in shares of Apollo Global Management by 39.8% during the fourth quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider's stock valued at $1,016,000 after buying an additional 1,750 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 5,000 shares of the business's 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 sale, the chief financial officer now owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the sale, the insider now owns 34,604,773 shares of the company's stock, valued at approximately $4,913,877,766. This trade represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company's stock.

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Analyst Ratings Changes

APO has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. TD Cowen raised their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods reduced their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Piper Sandler raised their target price on Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Finally, StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $165.21.

Apollo Global Management Stock Performance

Shares of APO stock traded down $3.38 during trading hours on Wednesday, reaching $144.52. The stock had a trading volume of 2,590,052 shares, compared to its average volume of 3,666,334. The firm has a market capitalization of $82.45 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The firm has a 50-day simple moving average of $153.95 and a 200-day simple moving average of $152.88. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.28%. Apollo Global Management's dividend payout ratio is presently 25.31%.

Apollo Global Management Company 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.