Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys New Position in Apollo Global Management, Inc. (NYSE:APO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 95,044 shares of the financial services provider’s stock, valued at approximately $15,697,000.

Several other institutional investors and hedge funds also recently made changes to their positions in APO. Quest Partners LLC acquired a new position in Apollo Global Management during the 3rd quarter worth approximately $1,079,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Apollo Global Management during the 3rd quarter worth approximately $2,125,000. Prospera Private Wealth LLC acquired a new position in Apollo Global Management during the 3rd quarter worth approximately $80,000. Commerce Bank raised its stake in Apollo Global Management by 2.9% during the 3rd quarter. Commerce Bank now owns 100,104 shares of the financial services provider’s stock worth $12,504,000 after buying an additional 2,784 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Apollo Global Management by 34.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 19,441 shares of the financial services provider’s stock worth $2,428,000 after buying an additional 4,941 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the topic of a number of research reports. Piper Sandler upped their price target 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. Barclays increased their price objective on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Wells Fargo & Company dropped their target price on Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, BMO Capital Markets raised their target price on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.21.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $144.77 on Friday. 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 business has a fifty day simple moving average of $154.54 and a two-hundred day simple moving average of $151.55. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a market capitalization of $82.59 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 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.