Apollo Global Management, Inc. (NYSE:APO) Stock Position Lessened by Partners Group Holding AG

Partners Group Holding AG trimmed its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 27.9% in the 4th quarter, Holdings Channel reports. The firm owned 559,400 shares of the financial services provider’s stock after selling 216,327 shares during the period. Apollo Global Management accounts for approximately 3.3% of Partners Group Holding AG’s holdings, making the stock its 3rd biggest position. Partners Group Holding AG’s holdings in Apollo Global Management were worth $92,391,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Piper Sandler increased their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. TD Cowen increased their price target on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods cut their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, BMO Capital Markets increased their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $165.21.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $143.53 on Friday. 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 company’s fifty day moving average price is $154.31 and its 200 day moving average price is $152.02. The stock has a market capitalization of $81.88 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.17 and a beta of 1.66. 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 business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 1.29%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the sale, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. The trade was a 1.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. 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.