Fayez Sarofim & Co Makes New $206,000 Investment in Apollo Global Management, Inc. (NYSE:APO)

Fayez Sarofim & Co acquired a new stake in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,250 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APO. Vanguard Group Inc. grew its stake in Apollo Global Management by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider’s stock valued at $7,454,560,000 after acquiring an additional 3,691,700 shares during the period. Geode Capital Management LLC raised its stake in Apollo Global Management by 64.6% during the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider’s stock worth $1,550,316,000 after purchasing an additional 3,695,979 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Apollo Global Management by 60.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock valued at $479,057,000 after buying an additional 1,094,464 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Apollo Global Management by 245.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider’s stock valued at $438,196,000 after purchasing an additional 1,886,146 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Apollo Global Management by 42.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock valued at $436,148,000 after buying an additional 782,700 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apollo Global Management news, insider Lb 2018 Gst Trust acquired 607,725 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the transaction, the insider now directly owns 621,754 shares of the company’s stock, valued at approximately $69,257,178.06. This represents a 4,331.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley lowered their price target on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Bank of America increased their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Wells Fargo & Company decreased their target price on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Barclays reduced their price objective on Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Apollo Global Management Stock Up 3.4 %

APO stock opened at $123.72 on Wednesday. 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 company’s 50-day moving average price is $136.59 and its 200 day moving average price is $153.23. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The company has a market cap of $70.58 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is 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.