Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes Position in Apollo Global Management, Inc. (NYSE:APO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 95,044 shares of the financial services provider’s stock, valued at approximately $15,697,000.

Other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Apollo Global Management by 4.7% during the third quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock worth $713,230,000 after buying an additional 254,268 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Apollo Global Management by 60.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock worth $479,057,000 after buying an additional 1,094,464 shares in the last quarter. Bank of New York Mellon Corp grew its position in Apollo Global Management by 42.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock worth $436,148,000 after buying an additional 782,700 shares in the last quarter. Janus Henderson Group PLC grew its position in Apollo Global Management by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider’s stock worth $167,298,000 after buying an additional 4,892 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Apollo Global Management by 0.7% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 958,745 shares of the financial services provider’s stock worth $158,346,000 after buying an additional 6,955 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred 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 approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Trading Up 1.0 %

APO opened at $144.77 on Friday. The business has a 50 day simple moving average of $154.54 and a two-hundred day simple moving average of $151.55. The firm has a market capitalization of $82.59 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.17 and a beta of 1.66. 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, Inc. has a one year low of $95.11 and a one 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 given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s payout ratio is 25.31%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays boosted their target price on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Wells Fargo & Company dropped their price target on Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating for the company in a research note on Thursday. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. 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 note on Tuesday, February 11th. Finally, 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 research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $165.21.

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.