Grandeur Peak Global Advisors LLC Has $1.93 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Grandeur Peak Global Advisors LLC cut its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 37.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,710 shares of the financial services provider's stock after selling 6,894 shares during the period. Grandeur Peak Global Advisors LLC's holdings in Apollo Global Management were worth $1,934,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APO. SRS Capital Advisors Inc. increased its holdings in Apollo Global Management by 2.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock valued at $447,000 after purchasing an additional 71 shares in the last quarter. Tower Wealth Partners Inc. increased its position in Apollo Global Management by 4.4% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock worth $288,000 after purchasing an additional 74 shares during the period. Sfmg LLC lifted its position in Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock valued at $902,000 after purchasing an additional 79 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Apollo Global Management by 0.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock valued at $1,639,000 after purchasing an additional 90 shares during the last quarter. Finally, Westmount Partners LLC raised its stake in shares of Apollo Global Management by 1.8% during the fourth quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider's stock worth $841,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analysts Set New Price Targets

APO has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. TD Cowen cut their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Citigroup decreased 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. Piper Sandler reduced their target price on Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Morgan Stanley lowered their price target on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $156.00.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company's 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 transaction, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the sale, the insider now directly owns 34,604,773 shares of the company's stock, valued at approximately $4,913,877,766. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Stock Up 2.0 %

APO stock traded up $2.47 during mid-day trading on Thursday, reaching $127.68. The company had a trading volume of 1,351,413 shares, compared to its average volume of 3,773,690. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The company has a market capitalization of $72.84 billion, a price-to-earnings ratio of 17.46, a PEG 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. The stock has a 50 day simple moving average of $139.37 and a two-hundred day simple moving average of $153.27.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date 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.