Maestria Partners LLC Buys New Holdings in Apollo Global Management, Inc. (NYSE:APO)

Maestria Partners LLC purchased a new position in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 169,952 shares of the financial services provider’s stock, valued at approximately $28,069,000. Apollo Global Management comprises approximately 11.1% of Maestria Partners LLC’s holdings, making the stock its 2nd largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Apollo Global Management in the fourth quarter valued at $15,697,000. iA Global Asset Management Inc. raised its holdings in shares of Apollo Global Management by 0.4% in the 4th quarter. iA Global Asset Management Inc. now owns 250,692 shares of the financial services provider’s stock worth $41,404,000 after acquiring an additional 914 shares during the last quarter. Royal London Asset Management Ltd. lifted its position in Apollo Global Management by 1.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 305,380 shares of the financial services provider’s stock valued at $50,437,000 after acquiring an additional 4,906 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Apollo Global Management during the 4th quarter valued at about $1,359,000. Finally, Vinva Investment Management Ltd bought a new stake in Apollo Global Management during the 4th quarter worth approximately $307,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO opened at $143.38 on Thursday. The firm has a 50-day moving average price of $154.89 and a 200-day moving average price of $151.59. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month 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. The company has a market capitalization of $81.80 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. 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 dividend payout ratio is 25.31%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated 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 transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $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 available through this link. Insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on APO. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Barclays raised their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. BMO Capital Markets upped their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods dropped their price target 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. Finally, Morgan Stanley increased 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

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.