Kovitz Investment Group Partners LLC Grows Position in Apollo Global Management, Inc. (NYSE:APO)

Kovitz Investment Group Partners LLC increased its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 3,257.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,067,659 shares of the financial services provider's stock after purchasing an additional 1,035,856 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.19% of Apollo Global Management worth $176,335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of APO. World Investment Advisors LLC grew its stake in 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 purchasing an additional 119 shares during the period. Sfmg LLC increased its position 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 worth $902,000 after buying an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Apollo Global Management during the third quarter worth about $503,000. Versant Capital Management Inc increased its stake in shares of Apollo Global Management by 203.6% in the fourth 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 raised its position in shares of Apollo Global Management by 10.4% in the fourth quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider's stock valued at $457,000 after purchasing an additional 260 shares during the period. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Down 2.3 %

APO stock traded down $3.14 during trading on Wednesday, reaching $134.41. The company had a trading volume of 1,478,025 shares, compared to its average volume of 3,823,850. The business has a 50 day moving average of $133.84 and a 200 day moving average of $153.10. 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 company has a market cap of $76.68 billion, a P/E ratio of 18.39, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is presently 25.31%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on 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. Morgan Stanley reduced their target price on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Raymond James began coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price target on the stock. Bank of America boosted their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Finally, Piper Sandler lowered their target price on shares of Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. One equities research 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 company. According to data from MarketBeat, Apollo Global Management has a consensus rating of "Moderate Buy" and an average price target of $156.00.

Insider Buying and Selling at Apollo Global Management

In other news, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the acquisition, the insider now directly owns 621,754 shares of the company's stock, valued at $69,257,178.06. This represents a 4,331.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management 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 completion of the sale, the chief financial officer now directly owns 377,164 shares of the company's stock, 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. 8.50% of the stock is owned by company insiders.

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.