Mutual of America Capital Management LLC Makes New $8.83 Million Investment in Apollo Global Management, Inc. (NYSE:APO)

Mutual of America Capital Management LLC acquired a new position in shares of Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 53,473 shares of the financial services provider’s stock, valued at approximately $8,832,000.

Several other hedge funds have also recently bought and sold shares of APO. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $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. UMB Bank n.a. raised its position in shares of Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after buying an additional 228 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after buying an additional 336 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $89,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of analyst reports. Evercore ISI lifted their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group lifted their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods decreased 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 research note on Wednesday, February 5th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Stock Performance

NYSE APO opened at $149.21 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. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The stock has a market cap of $84.42 billion, a PE ratio of 20.41, a PEG ratio of 1.17 and a beta of 1.63. The firm’s fifty day moving average price is $163.39 and its two-hundred day moving average price is $149.36.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.24%. Apollo Global Management’s dividend payout ratio is 25.31%.

Insider Buying and Selling

In related news, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 201,600 shares of company stock valued at $34,977,528 over the last 90 days. 8.50% of the stock is 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.