27,683 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Hartford Investment Management Co.

Hartford Investment Management Co. purchased a new stake in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,683 shares of the financial services provider’s stock, valued at approximately $4,572,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of APO. Chicago Capital LLC boosted its position in shares of Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after purchasing an additional 69 shares in the last quarter. Menard Financial Group LLC boosted its holdings in Apollo Global Management by 1.2% in 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 holdings in Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 77 shares in 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 acquiring an additional 79 shares during the period. Finally, Cigna Investments Inc. New increased its holdings in shares of Apollo Global Management by 1.8% during the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after acquiring an additional 90 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APO. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Citigroup increased their price objective on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley lifted their target price on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $165.74.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock worth $34,186,128 over the last ninety days. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Trading Down 0.4 %

Shares of APO stock opened at $157.46 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $89.09 billion, a P/E ratio of 21.54, a PEG ratio of 1.28 and a beta of 1.63. The company has a 50 day moving average of $168.28 and a 200-day moving average of $145.59. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

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.