Dimensional Fund Advisors LP Acquires 198,656 Shares of Apollo Global Management, Inc. (NYSE:APO)

Dimensional Fund Advisors LP grew its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,342,857 shares of the financial services provider's stock after acquiring an additional 198,656 shares during the period. Dimensional Fund Advisors LP owned 0.24% of Apollo Global Management worth $221,800,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. World Investment Advisors LLC increased 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 period. Sfmg LLC increased its position in shares of Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock worth $902,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Apollo Global Management during the third quarter worth about $503,000. Versant Capital Management Inc grew its stake in Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock worth $83,000 after buying an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Apollo Global Management by 10.4% in the 4th quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider's stock valued at $457,000 after buying an additional 260 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Lb 2018 Gst Trust purchased 607,725 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now directly owns 621,754 shares in the company, valued at approximately $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the company'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 value 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. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

Apollo Global Management Stock Performance

Shares of APO traded up $1.56 on Monday, reaching $134.96. 584,284 shares of the company's stock traded hands, compared to its average volume of 3,820,096. The stock's 50 day simple moving average is $134.70 and its two-hundred day simple moving average is $153.23. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The stock has a market cap of $76.99 billion, a PE ratio of 18.45, a PEG ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently announced 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. This represents a $1.85 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is presently 25.31%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on APO. Citigroup reduced their target price on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Bank of America boosted their target price on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Wells Fargo & Company decreased their price target 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. Barclays cut their target price on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Finally, TD Cowen dropped their price target on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have issued 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $156.00.

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.