Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC increased its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,668 shares of the financial services provider's stock after acquiring an additional 4,039 shares during the period. MML Investors Services LLC's holdings in Apollo Global Management were worth $3,083,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Apollo Global Management news, insider Lb 2018 Gst Trust purchased 607,725 shares of the company's stock in a transaction dated Friday, April 4th. The shares were acquired 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 owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. The trade was a 4,331.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents 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 Stock Up 1.3 %

NYSE:APO traded up $1.76 during midday trading on Thursday, reaching $138.24. 2,366,005 shares of the stock traded hands, compared to its average volume of 3,836,751. The stock has a market capitalization of $78.86 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. 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 business has a 50-day moving average of $133.57 and a two-hundred day moving average of $152.99.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.34%. Apollo Global Management's payout ratio is 25.31%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APO. Raymond James initiated coverage on Apollo Global Management in a research note on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 target price on the stock. TD Cowen decreased their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Piper Sandler lowered their price objective on shares of Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Barclays reduced 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, Keefe, Bruyette & Woods lowered their price target on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $156.25.

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.