Apollo Global Management, Inc. (NYSE:APO) Stake Lessened by Forsta AP Fonden

Forsta AP Fonden cut its stake in Apollo Global Management, Inc. (NYSE:APO) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,200 shares of the financial services provider’s stock after selling 8,400 shares during the period. Forsta AP Fonden’s holdings in Apollo Global Management were worth $22,330,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the 3rd quarter valued at about $35,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management in the fourth quarter valued at about $39,000. UMB Bank n.a. raised its stake in Apollo Global Management by 447.1% during the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after buying an additional 228 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Apollo Global Management during the 3rd quarter worth approximately $80,000. Finally, Truvestments Capital LLC acquired a new position in shares of Apollo Global Management in the 3rd quarter worth approximately $83,000. 77.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

APO has been the topic of several research analyst reports. Barclays raised their price objective on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Citigroup raised their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Piper Sandler boosted their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group raised their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $164.32.

Apollo Global Management Stock Performance

APO opened at $169.46 on Wednesday. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The company has a market capitalization of $95.88 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. The business has a 50 day moving average price of $169.74 and a two-hundred day moving average price of $142.44. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s payout ratio is presently 19.33%.

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.