Levin Capital Strategies L.P. Purchases 14,492 Shares of Apollo Global Management, Inc. (NYSE:APO)

Levin Capital Strategies L.P. raised its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 31.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,081 shares of the financial services provider’s stock after acquiring an additional 14,492 shares during the period. Levin Capital Strategies L.P.’s holdings in Apollo Global Management were worth $10,088,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Partners Group Holding AG boosted its holdings in Apollo Global Management by 26.5% during the third quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider’s stock valued at $96,896,000 after acquiring an additional 162,678 shares during the period. Kestra Private Wealth Services LLC bought a new stake in Apollo Global Management during the fourth quarter valued at about $3,994,000. Swedbank AB boosted its holdings in Apollo Global Management by 50.9% during the third quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock valued at $9,735,000 after acquiring an additional 26,300 shares during the period. Fortress Financial Solutions LLC bought a new stake in Apollo Global Management during the fourth quarter valued at about $685,000. Finally, Leavell Investment Management Inc. boosted its holdings in Apollo Global Management by 39.8% during the fourth 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 period. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Performance

NYSE APO opened at $149.21 on Friday. The firm has a market cap of $84.42 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 1.17 and a beta of 1.63. The company has a 50 day moving average of $163.39 and a 200-day moving average of $149.36. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s payout ratio is 25.31%.

Wall Street Analyst Weigh In

APO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. 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. Finally, Citigroup increased their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of the firm’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 transaction of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Martin Kelly sold 5,000 shares of the firm’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 sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. The trade was 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 valued at $34,977,528. Corporate insiders own 8.50% of the company’s stock.

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.