Banco Bilbao Vizcaya Argentaria S.A. Makes New $1.52 Million Investment in Apollo Global Management, Inc. (NYSE:APO)

Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,200 shares of the financial services provider's stock, valued at approximately $1,519,000.

Several other large investors have also recently modified their holdings of the business. SRS Capital Advisors Inc. lifted its holdings in Apollo Global Management by 2.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock valued at $447,000 after buying an additional 71 shares during the period. Tower Wealth Partners Inc. raised its position in shares of Apollo Global Management by 4.4% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock worth $288,000 after acquiring an additional 74 shares in the last quarter. Sfmg LLC lifted its stake in shares of 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 purchasing an additional 79 shares during the period. Global Retirement Partners LLC boosted its position in shares of Apollo Global Management by 0.9% during 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 in the last quarter. Finally, Westmount Partners LLC grew its stake in 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 purchasing an additional 91 shares during the period. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Performance

APO traded up $1.76 during trading on Thursday, hitting $138.24. 3,562,834 shares of the company traded hands, compared to its average volume of 3,840,110. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The stock's fifty day moving average is $133.57 and its 200 day moving average is $152.99. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $78.86 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

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 paid 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 1.34%. Apollo Global Management's payout ratio is currently 25.31%.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Thursday, February 13th. The stock was 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 owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the purchase, the insider now directly owns 621,754 shares in the company, valued at $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. 8.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

APO has been the topic of a number of research analyst reports. Piper Sandler cut their price target 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. Wells Fargo & Company dropped their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley cut their price objective on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Keefe, Bruyette & Woods decreased their target price on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, TD Cowen cut their price target 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $156.25.

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.