Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Capital World Investors

Capital World Investors boosted its stake in Apollo Global Management, Inc. (NYSE:APO) by 0.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,599,865 shares of the financial services provider’s stock after buying an additional 71,525 shares during the period. Apollo Global Management accounts for 0.8% of Capital World Investors’ portfolio, making the stock its 27th biggest holding. Capital World Investors owned about 5.58% of Apollo Global Management worth $5,219,034,000 as of its most recent filing with the Securities & Exchange Commission.

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

Apollo Global Management Stock Performance

APO stock opened at $126.78 on Friday. The company has a 50 day moving average price of $138.04 and a 200 day moving average price of $153.25. The stock has a market capitalization of $72.33 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given 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 1.46%. Apollo Global Management’s payout ratio is presently 25.31%.

Insider Transactions at Apollo Global Management

In related news, insider Lb 2018 Gst Trust acquired 607,725 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares of the company’s stock, valued at $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APO. Bank of America upped their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 4th. TD Cowen decreased their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Barclays cut their target price on Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Piper Sandler decreased their price objective on shares of Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $156.00.

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.