Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by DSM Capital Partners LLC

DSM Capital Partners LLC boosted its stake in Apollo Global Management, Inc. (NYSE:APO) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,107 shares of the financial services provider’s stock after acquiring an additional 603 shares during the period. DSM Capital Partners LLC’s holdings in Apollo Global Management were worth $1,669,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund raised its holdings in Apollo Global Management by 14.5% in the fourth quarter. New York State Common Retirement Fund now owns 702,236 shares of the financial services provider’s stock valued at $115,981,000 after acquiring an additional 88,900 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $608,000. Venturi Wealth Management LLC raised its holdings in shares of Apollo Global Management by 2,300.0% during the fourth quarter. Venturi Wealth Management LLC now owns 600 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 575 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Apollo Global Management by 4.7% during the fourth quarter. D.A. Davidson & CO. now owns 10,082 shares of the financial services provider’s stock worth $1,665,000 after purchasing an additional 452 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of Apollo Global Management by 1.5% during the fourth quarter. Truist Financial Corp now owns 220,532 shares of the financial services provider’s stock worth $36,423,000 after purchasing an additional 3,342 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Shares of APO opened at $161.97 on Wednesday. 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 capitalization of $91.65 billion, a PE ratio of 22.16, a P/E/G ratio of 1.28 and a beta of 1.63. The firm has a 50-day moving average price of $167.19 and a 200 day moving average price of $147.01.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s payout ratio is 25.31%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 201,600 shares of company stock valued at $34,977,528. 8.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group raised shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Wells Fargo & Company dropped their target price on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Piper Sandler increased their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. TD Cowen upped their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $165.74.

About Apollo Global Management

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.