Banco Santander S.A. Cuts Stake in Apollo Global Management, Inc. (NYSE:APO)

Banco Santander S.A. cut its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 52.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,908 shares of the financial services provider’s stock after selling 6,395 shares during the quarter. Banco Santander S.A.’s holdings in Apollo Global Management were worth $976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Menard Financial Group LLC lifted its position in Apollo Global Management by 1.2% in the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 71 shares during the period. SRS Capital Advisors Inc. raised its stake in shares of Apollo Global Management by 2.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock worth $447,000 after buying an additional 71 shares in the last quarter. Sfmg LLC raised its stake in shares of Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after buying an additional 79 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Apollo Global Management by 0.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider’s stock valued at $1,639,000 after buying an additional 90 shares during the period. Finally, Westmount Partners LLC boosted its stake in shares of Apollo Global Management by 1.8% in the fourth quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider’s stock valued at $841,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Down 1.6 %

Shares of NYSE:APO opened at $132.63 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $75.66 billion, a PE ratio of 18.14, 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. The firm has a fifty day moving average price of $159.88 and a 200 day moving average price of $150.64.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.39%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of research analyst reports. Piper Sandler increased their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. TD Cowen increased their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group boosted their price target on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Barclays upped their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, UBS Group raised Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $165.74.

About Apollo Global Management

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.