Dynamic Technology Lab Private Ltd Purchases New Position in Apollo Global Management, Inc. (NYSE:APO)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,258 shares of the financial services provider’s stock, valued at approximately $1,364,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of APO. Hopwood Financial Services Inc. bought a new stake in shares of Apollo Global Management during the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management during the fourth quarter valued at about $34,000. Byrne Asset Management LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter worth about $39,000. Finally, HM Payson & Co. bought a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $45,000. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on APO. BMO Capital Markets increased their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods dropped their price objective on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley upped their target price 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 target on Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating for the company in a research report on Thursday, March 20th. Finally, Piper Sandler decreased their price objective on shares of Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating on the stock in a research report on Wednesday. One 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.26.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s 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 transaction, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $108.22 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. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The business’s 50 day simple moving average is $148.49 and its two-hundred day simple moving average is $153.82. The stock has a market capitalization of $61.74 billion, a P/E ratio of 14.80, a price-to-earnings-growth 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. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s payout ratio 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.