Apollo Global Management, Inc. (NYSE:APO) Shares Sold by PGGM Investments

PGGM Investments decreased its stake in Apollo Global Management, Inc. (NYSE:APO) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,020 shares of the financial services provider’s stock after selling 573 shares during the period. PGGM Investments’ holdings in Apollo Global Management were worth $1,325,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

APO has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Piper Sandler lifted their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. BMO Capital Markets upped their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Stock Performance

Shares of APO opened at $130.16 on Friday. 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 50-day moving average of $157.77 and a 200-day moving average of $150.78. The company has a market cap of $74.25 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a one year low of $95.11 and a one 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. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is presently 25.31%.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is currently owned by insiders.

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.