Schonfeld Strategic Advisors LLC Has $6.57 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Schonfeld Strategic Advisors LLC decreased its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 66.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,786 shares of the financial services provider's stock after selling 79,260 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Apollo Global Management were worth $6,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hopwood Financial Services Inc. bought a new stake in shares of Apollo Global Management during the fourth quarter worth about $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management during the 4th quarter worth approximately $37,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management during the 4th quarter worth approximately $39,000. Finally, HM Payson & Co. acquired a new position in Apollo Global Management in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the sale, the insider now directly owns 34,604,773 shares of the company's stock, valued at approximately $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the business's 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 transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Piper Sandler cut their target price 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. Morgan Stanley decreased their price target on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. TD Cowen cut their price objective on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Barclays decreased their target price on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $156.25.

Apollo Global Management Trading Up 1.3 %

NYSE:APO opened at $138.24 on Friday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $78.86 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.17 and a beta of 1.66. The firm has a fifty day simple moving average of $133.38 and a two-hundred day simple moving average of $152.96.

Apollo Global Management Cuts Dividend

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

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.

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