Canada Pension Plan Investment Board Has $5.26 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Canada Pension Plan Investment Board lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 1,405.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,817 shares of the financial services provider's stock after buying an additional 29,704 shares during the quarter. Canada Pension Plan Investment Board's holdings in Apollo Global Management were worth $5,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. World Investment Advisors LLC raised its position in Apollo Global Management by 1.8% during the third quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider's stock worth $852,000 after acquiring an additional 119 shares during the last quarter. Sfmg LLC lifted its stake in Apollo Global Management by 1.1% in the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock valued at $902,000 after buying an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Apollo Global Management during the 3rd quarter valued at $503,000. Versant Capital Management Inc grew its holdings in Apollo Global Management by 203.6% during the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock valued at $83,000 after buying an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Apollo Global Management by 10.4% during the fourth quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider's stock worth $457,000 after buying an additional 260 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on APO. Raymond James began coverage on Apollo Global Management in a research note on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price objective on the stock. Citigroup lowered their price target on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays reduced their price objective on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Keefe, Bruyette & Woods lowered their target price on shares of 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. Finally, TD Cowen reduced their price target on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $156.00.

Insider Buying and Selling

In related news, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were 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 $4,913,877,766. The trade was a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the company's stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the acquisition, the insider now directly owns 621,754 shares of the company's stock, valued at $69,257,178.06. This represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.50% of the company's stock.

Apollo Global Management Stock Up 0.2 %

Shares of Apollo Global Management stock traded up $0.21 during trading on Friday, reaching $133.53. The company had a trading volume of 2,588,258 shares, compared to its average volume of 3,832,393. The company has a market cap of $76.18 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The firm's fifty day moving average is $134.70 and its 200-day moving average is $153.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is presently 25.31%.

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.