Vontobel Holding Ltd. Boosts Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Vontobel Holding Ltd. increased its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 39.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,617 shares of the financial services provider's stock after purchasing an additional 2,699 shares during the quarter. Vontobel Holding Ltd.'s holdings in Apollo Global Management were worth $1,588,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Apollo Global Management by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock valued at $225,600,000 after buying an additional 383,557 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Apollo Global Management by 12,086.7% during the 3rd quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider's stock valued at $462,460,000 after purchasing an additional 367,195 shares during the period. Holocene Advisors LP lifted its holdings in Apollo Global Management by 530.9% during the 3rd quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider's stock worth $50,242,000 after purchasing an additional 338,472 shares in the last quarter. Geode Capital Management LLC grew its holdings in Apollo Global Management by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider's stock valued at $713,230,000 after buying an additional 254,268 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Apollo Global Management by 43.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 767,014 shares of the financial services provider's stock worth $95,808,000 after buying an additional 233,670 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Down 4.0 %

APO traded down $6.34 during trading on Friday, hitting $150.45. 3,731,483 shares of the stock traded hands, compared to its average volume of 3,279,721. The firm has a 50-day moving average of $165.90 and a 200 day moving average of $147.53. 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 $85.13 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63. 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 declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management's payout ratio is 25.31%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley raised their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Piper Sandler raised their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. TD Cowen increased their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $165.74.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now owns 35,471,373 shares of the company's stock, valued at approximately $6,177,694,321.68. This represents a 0.37 % 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 company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,600 shares of company stock worth $34,977,528. 8.50% of the stock is currently owned by insiders.

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.