New York State Common Retirement Fund Grows Stake in Apollo Global Management, Inc. (NYSE:APO)

New York State Common Retirement Fund lifted its position in Apollo Global Management, Inc. (NYSE:APO) by 14.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 702,236 shares of the financial services provider’s stock after buying an additional 88,900 shares during the period. New York State Common Retirement Fund owned approximately 0.12% of Apollo Global Management worth $115,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of APO. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management in the 4th quarter worth $37,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management in the 4th quarter worth $39,000. UMB Bank n.a. boosted its stake in shares of Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after buying an additional 228 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter worth $80,000. Finally, Truvestments Capital LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter worth $83,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Trading Down 0.5 %

Shares of APO stock opened at $161.97 on Wednesday. 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’s 50-day moving average price is $167.19 and its 200-day moving average price is $147.01. The stock has a market capitalization of $91.65 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 1.28 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a $0.4625 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.14%. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Insider Transactions 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 that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the sale, the insider now directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 201,600 shares of company stock valued at $34,977,528. 8.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APO. Keefe, Bruyette & Woods lowered their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. UBS Group upgraded Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their target price on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company lowered their target price on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Barclays lifted their target price on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.74.

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.