Sumitomo Mitsui Trust Group Inc. Has $158.35 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 958,745 shares of the financial services provider’s stock after buying an additional 6,955 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Apollo Global Management were worth $158,346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APO. Chicago Capital LLC lifted its position in Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after buying an additional 69 shares in the last quarter. Menard Financial Group LLC raised its holdings in shares of Apollo Global Management by 1.2% during the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock worth $720,000 after acquiring an additional 71 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its position in Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 77 shares during the last quarter. Sfmg LLC grew 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. Finally, Cigna Investments Inc. New increased its position in Apollo Global Management by 1.8% in the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 90 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the transaction, the insider now directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,600 shares of company stock worth $34,186,128. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Down 0.9 %

Shares of APO stock opened at $163.39 on Friday. 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 1 year low of $95.11 and a 1 year high of $189.49. The firm’s fifty day simple moving average is $169.13 and its 200 day simple moving average is $144.66. The firm has a market capitalization of $92.45 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.37 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Citigroup increased their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Barclays increased their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.00.

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.