California State Teachers Retirement System Sells 18,208 Shares of Apollo Global Management, Inc. (NYSE:APO)

California State Teachers Retirement System decreased its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 625,440 shares of the financial services provider's stock after selling 18,208 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Apollo Global Management worth $103,298,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC increased its stake in shares of Apollo Global Management by 1.8% in the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider's stock valued at $852,000 after acquiring an additional 119 shares in the last quarter. Sfmg LLC increased its stake in Apollo Global Management by 1.1% in the third 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Apollo Global Management during the third quarter valued at about $503,000. Versant Capital Management Inc boosted its position in shares of 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 worth $83,000 after purchasing an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Apollo Global Management by 10.4% during the 4th quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider's stock worth $457,000 after purchasing an additional 260 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock traded up $1.76 during mid-day trading on Thursday, hitting $138.24. 3,562,834 shares of the stock were exchanged, compared to its average volume of 3,846,576. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a 50-day simple moving average of $133.38 and a 200 day simple moving average of $152.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $78.86 billion, a P/E ratio of 18.91, a P/E/G 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. Shareholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.34%. Apollo Global Management's dividend payout ratio is currently 25.31%.

Analyst Ratings Changes

A number of research firms have recently issued reports on APO. UBS Group cut their price objective on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research report on Thursday. Bank of America increased their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. TD Cowen cut their price objective 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. Wells Fargo & Company cut 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 research report on Tuesday, April 8th. Finally, Raymond James initiated coverage on shares of Apollo Global Management in a research report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $156.25.

Insiders Place Their Bets

In related news, insider Leon D. Black sold 500,000 shares of Apollo Global Management 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This trade represents 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.

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.