Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Xponance Inc.

Xponance Inc. increased its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 32.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,910 shares of the financial services provider's stock after purchasing an additional 24,748 shares during the quarter. Xponance Inc.'s holdings in Apollo Global Management were worth $16,501,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new stake in shares of Apollo Global Management during the 4th quarter worth $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Apollo Global Management in the fourth quarter valued at about $34,000. Byrne Asset Management LLC purchased a new stake in Apollo Global Management in the fourth quarter valued at about $37,000. Retirement Wealth Solutions LLC purchased a new stake in Apollo Global Management in the fourth quarter valued at about $39,000. Finally, HM Payson & Co. purchased a new stake in Apollo Global Management in the fourth quarter valued at about $45,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of NYSE APO traded down $1.24 during midday trading on Friday, hitting $143.53. The stock had a trading volume of 4,012,222 shares, compared to its average volume of 3,371,956. The company has a market capitalization of $81.88 billion, a PE ratio of 19.63, a P/E/G ratio of 1.17 and a beta of 1.66. The stock has a 50 day simple moving average of $154.31 and a 200-day simple moving average of $151.74. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

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Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend on an annualized basis and a yield of 1.29%. Apollo Global Management's payout ratio is 25.31%.

Analyst Ratings Changes

A number of equities research analysts have commented on APO shares. Keefe, Bruyette & Woods decreased their price target on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. BMO Capital Markets increased their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Wells Fargo & Company cut their price objective on Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating on the stock in a report on Thursday. Piper Sandler increased their price objective on Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. Finally, StockNews.com lowered 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 currently has a consensus rating of "Moderate Buy" and an average price target of $165.21.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares of the company's stock, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the firm'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 sale, the insider now directly 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. 8.50% of the stock is currently owned by company 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.