PGGM Investments Sells 573 Shares of Apollo Global Management, Inc. (NYSE:APO)

PGGM Investments lessened its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,020 shares of the financial services provider’s stock after selling 573 shares during the quarter. PGGM Investments’ holdings in Apollo Global Management were worth $1,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of APO. Atria Investments Inc increased its stake in Apollo Global Management by 112.3% in the third quarter. Atria Investments Inc now owns 19,498 shares of the financial services provider’s stock worth $2,435,000 after purchasing an additional 10,315 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in Apollo Global Management by 5.4% during the third quarter. Nations Financial Group Inc. IA ADV now owns 3,238 shares of the financial services provider’s stock worth $404,000 after buying an additional 165 shares during the period. Apollon Wealth Management LLC boosted its position in Apollo Global Management by 2.7% during the third quarter. Apollon Wealth Management LLC now owns 17,049 shares of the financial services provider’s stock valued at $2,130,000 after purchasing an additional 442 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Apollo Global Management by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 951,790 shares of the financial services provider’s stock valued at $118,888,000 after buying an additional 12,816 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new stake in Apollo Global Management during the third quarter valued at approximately $250,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.50% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

NYSE:APO opened at $130.16 on Friday. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The firm has a 50 day simple moving average of $157.77 and a 200-day simple moving average of $150.78. The firm has a market cap of $74.25 billion, a PE ratio of 17.81, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Wall Street Analysts Forecast Growth

APO has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. The Goldman Sachs Group increased their price target on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Piper Sandler boosted their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note 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 stock a “buy” rating in a research note on Monday, December 9th. Finally, Morgan Stanley lifted their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $165.74.

Apollo Global Management 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.