14,000 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Arrow Capital Pty Ltd

Arrow Capital Pty Ltd bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,000 shares of the financial services provider's stock, valued at approximately $2,312,000. Apollo Global Management comprises about 2.1% of Arrow Capital Pty Ltd's portfolio, making the stock its 23rd biggest holding.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on APO. Wells Fargo & Company decreased their target price on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Piper Sandler cut their price target on shares of Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. TD Cowen lowered their target price on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley reduced their target price on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $156.00.

Apollo Global Management Stock Up 3.2 %

APO traded up $3.78 on Tuesday, reaching $123.41. The company's stock had a trading volume of 1,027,853 shares, compared to its average volume of 3,791,384. The business's 50 day moving average is $137.28 and its 200 day moving average is $153.44. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The stock has a market cap of $70.40 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth 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. Stockholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.50%. Apollo Global Management's payout ratio is 25.31%.

Insider Transactions at Apollo Global Management

In other news, insider Lb 2018 Gst Trust purchased 607,725 shares of Apollo Global Management stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm's 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 completion of the sale, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.50% of the company's stock.

About Apollo Global Management

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.