Apollo Global Management, Inc. (NYSE:APO) Position Increased by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 93.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,657 shares of the financial services provider’s stock after buying an additional 9,471 shares during the period. Metis Global Partners LLC’s holdings in Apollo Global Management were worth $3,247,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Williamson Legacy Group LLC boosted its holdings in Apollo Global Management by 25.0% during the fourth quarter. Williamson Legacy Group LLC now owns 10,646 shares of the financial services provider’s stock worth $1,758,000 after buying an additional 2,131 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Apollo Global Management by 9.8% during the fourth quarter. Fisher Asset Management LLC now owns 1,889 shares of the financial services provider’s stock worth $312,000 after buying an additional 168 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in Apollo Global Management by 25.3% during the fourth quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider’s stock worth $75,000 after buying an additional 92 shares in the last quarter. Sage Investment Counsel LLC acquired a new position in Apollo Global Management in the 4th quarter worth approximately $510,000. Finally, SVB Wealth LLC acquired a new position in Apollo Global Management in the 4th quarter worth approximately $916,000. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on APO shares. TD Cowen raised their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. BMO Capital Markets raised their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods decreased their price objective 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. Piper Sandler raised their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Citigroup raised their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.74.

Insider Activity

In related news, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management 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 completion of 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 201,600 shares of company stock worth $34,977,528. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Stock Up 1.2 %

Apollo Global Management stock opened at $149.21 on Friday. The company has a market capitalization of $84.42 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.17 and a beta of 1.63. The firm’s fifty day simple moving average is $163.39 and its 200-day simple moving average is $149.36. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.24%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

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.