Bessemer Group Inc. Has $202.60 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

Bessemer Group Inc. boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 200,666.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,226,684 shares of the financial services provider’s stock after purchasing an additional 1,226,073 shares during the period. Bessemer Group Inc. owned about 0.22% of Apollo Global Management worth $202,598,000 at the end of the most recent reporting period.

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

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the 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 owns 377,164 shares of the company’s stock, valued at $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 Lb 2018 Gst Trust bought 607,725 shares of the company’s stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the purchase, the insider now owns 621,754 shares of the company’s stock, valued at approximately $69,257,178.06. The trade was a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. 8.50% of the stock is owned by company insiders.

Apollo Global Management Stock Down 2.1 %

APO opened at $110.06 on Wednesday. The firm has a market cap of $62.78 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The firm’s 50-day simple moving average is $144.98 and its 200-day simple moving average is $153.60. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Piper Sandler lowered their price target on Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company cut their target price on shares of Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a research report on Tuesday. Bank of America boosted their price objective on Apollo Global Management from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. Morgan Stanley lifted their price target on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Keefe, Bruyette & Woods dropped their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $161.68.

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.