Robeco Institutional Asset Management B.V. Reduces Stake in Apollo Global Management, Inc. (NYSE:APO)

Robeco Institutional Asset Management B.V. cut its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,686 shares of the financial services provider’s stock after selling 1,621 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Apollo Global Management were worth $4,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of APO. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Apollo Global Management during the fourth quarter worth $243,000. Perigon Wealth Management LLC boosted its stake in shares of Apollo Global Management by 3.1% in the fourth quarter. Perigon Wealth Management LLC now owns 5,159 shares of the financial services provider’s stock worth $856,000 after buying an additional 155 shares during the last quarter. YHB Investment Advisors Inc. grew its holdings in Apollo Global Management by 9.5% during the fourth quarter. YHB Investment Advisors Inc. now owns 8,209 shares of the financial services provider’s stock worth $1,356,000 after acquiring an additional 711 shares during the period. Nilsine Partners LLC purchased a new position in Apollo Global Management during the fourth quarter valued at approximately $289,000. Finally, Foundations Investment Advisors LLC acquired a new position in Apollo Global Management in the fourth quarter valued at approximately $8,529,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on APO. Evercore ISI lifted their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Barclays lifted their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. The Goldman Sachs Group increased their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Citigroup lifted their price target on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Piper Sandler increased their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $164.32.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction dated 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 directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The transaction 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 firm’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Stock Performance

APO opened at $171.00 on Monday. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The firm has a market capitalization of $96.75 billion, a PE ratio of 17.87, a PEG ratio of 1.37 and a beta of 1.63. 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 firm’s 50-day moving average price is $170.11 and its 200 day moving average price is $143.47.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a $0.463 dividend. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.08%. Apollo Global Management’s dividend payout ratio is 19.33%.

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.