National Pension Service Purchases 278,579 Shares of Apollo Global Management, Inc. (NYSE:APO)

National Pension Service raised its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 49.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 845,108 shares of the financial services provider’s stock after acquiring an additional 278,579 shares during the period. National Pension Service owned approximately 0.15% of Apollo Global Management worth $139,578,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Lake Street Advisors Group LLC boosted its holdings in Apollo Global Management by 5.6% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,169 shares of the financial services provider’s stock valued at $358,000 after acquiring an additional 115 shares during the period. Amalgamated Bank lifted its stake in shares of Apollo Global Management by 189.7% in the fourth quarter. Amalgamated Bank now owns 95,524 shares of the financial services provider’s stock valued at $15,777,000 after buying an additional 62,551 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Apollo Global Management by 42.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock valued at $436,148,000 after buying an additional 782,700 shares during the period. Sentry Investment Management LLC bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $305,000. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $216,000. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler increased their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods reduced their target price on shares of 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 target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley raised their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $165.74.

Insider Activity

In related news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,600 shares of company stock worth $34,977,528. Insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $147.45 on Thursday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The firm has a 50 day moving average of $164.28 and a 200-day moving average of $148.74. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $83.43 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) 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.