Great Lakes Retirement Inc. Acquires 145 Shares of Apollo Global Management, Inc. (NYSE:APO)

Great Lakes Retirement Inc. increased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,814 shares of the financial services provider’s stock after buying an additional 145 shares during the period. Great Lakes Retirement Inc.’s holdings in Apollo Global Management were worth $1,456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Hartford Investment Management Co. bought a new position in shares of Apollo Global Management in the 4th quarter worth $4,572,000. TFB Advisors LLC lifted its stake in Apollo Global Management by 0.9% in the fourth quarter. TFB Advisors LLC now owns 19,199 shares of the financial services provider’s stock valued at $3,171,000 after buying an additional 171 shares during the period. Capital Advisors Inc. OK lifted its stake in Apollo Global Management by 5.2% in the fourth quarter. Capital Advisors Inc. OK now owns 4,206 shares of the financial services provider’s stock valued at $695,000 after buying an additional 206 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Apollo Global Management during the 4th quarter worth about $3,964,000. Finally, Leavell Investment Management Inc. increased its stake in shares of Apollo Global Management by 39.8% in the 4th quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider’s stock valued at $1,016,000 after acquiring an additional 1,750 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective 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. TD Cowen boosted their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Citigroup boosted their target price on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Evercore ISI raised their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler lifted their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.74.

Apollo Global Management Stock Down 2.5 %

Apollo Global Management stock opened at $158.11 on Wednesday. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The stock has a market cap of $89.46 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.28 and a beta of 1.63. The company’s 50-day moving average price is $168.63 and its two-hundred day moving average price is $145.50. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.17%. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were 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 owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock worth $34,186,128 in the last ninety days. 8.50% of the stock is 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.