1,250 Shares in Apollo Global Management, Inc. (NYSE:APO) Bought by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,250 shares of the financial services provider’s stock, valued at approximately $206,000.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of 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 worth $713,230,000 after acquiring an additional 254,268 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Apollo Global Management by 60.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock valued at $479,057,000 after purchasing an additional 1,094,464 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Apollo Global Management by 42.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock worth $436,148,000 after purchasing an additional 782,700 shares in the last quarter. Janus Henderson Group PLC grew its stake in Apollo Global Management by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider’s stock worth $167,298,000 after buying an additional 4,892 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Apollo Global Management by 0.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 958,745 shares of the financial services provider’s stock valued at $158,346,000 after buying an additional 6,955 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on APO shares. Piper Sandler boosted their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley upped their price target 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 lifted their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Barclays upped their target price on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets lifted their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. One equities 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.21.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were 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. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the transaction, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Down 0.9 %

APO stock opened at $143.53 on Friday. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week 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 firm has a market cap of $81.88 billion, a P/E ratio of 19.63, a PEG ratio of 1.17 and a beta of 1.66. The company’s 50-day simple moving average is $154.31 and its 200-day simple moving average is $151.74.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s payout ratio is currently 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.