iA Global Asset Management Inc. Increases Stake in Apollo Global Management, Inc. (NYSE:APO)

iA Global Asset Management Inc. raised its position in Apollo Global Management, Inc. (NYSE:APO) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 250,692 shares of the financial services provider’s stock after purchasing an additional 914 shares during the period. Apollo Global Management accounts for approximately 0.7% of iA Global Asset Management Inc.’s portfolio, making the stock its 25th biggest holding. iA Global Asset Management Inc.’s holdings in Apollo Global Management were worth $41,404,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new position in Apollo Global Management in the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth $34,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth $37,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth $39,000. Finally, HM Payson & Co. purchased a new position in shares of Apollo Global Management during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 4.3 %

Shares of NYSE:APO opened at $143.38 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $81.80 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The firm’s 50-day moving average is $154.89 and its two-hundred day moving average is $151.59. 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.29%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were 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 in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets lifted their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods reduced their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company reduced their price target on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, Piper Sandler lifted their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.74.

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.