Quantbot Technologies LP Acquires New Stake in Apollo Global Management, Inc. (NYSE:APO)

Quantbot Technologies LP purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 11,903 shares of the financial services provider’s stock, valued at approximately $1,966,000.

Other hedge funds have also bought and sold shares of the company. Hopwood Financial Services Inc. bought a new stake in Apollo Global Management during the fourth quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the fourth quarter valued at about $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management during the fourth quarter valued at about $37,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management during the fourth quarter valued at about $39,000. Finally, HM Payson & Co. bought a new stake in Apollo Global Management during the fourth quarter valued at about $45,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 0.9 %

Shares of APO stock opened at $143.53 on Monday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock’s 50 day simple moving average is $154.31 and its two-hundred day simple moving average is $152.32. The company has a market cap of $81.88 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.29%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 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. Company insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on APO. TD Cowen boosted their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. Piper Sandler upped their price objective on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley upped their price objective on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Wells Fargo & Company dropped their price objective on Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, BMO Capital Markets upped their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.21.

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.