Fjarde AP Fonden Fourth Swedish National Pension Fund Has $12.37 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,915 shares of the financial services provider’s stock after selling 10,700 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Apollo Global Management were worth $12,373,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Apollo Global Management by 4.7% during the third quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock worth $713,230,000 after acquiring an additional 254,268 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Apollo Global Management by 27.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after purchasing an additional 383,557 shares during the period. Janus Henderson Group PLC raised its stake in shares of Apollo Global Management by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider’s stock worth $167,298,000 after buying an additional 4,892 shares during the last quarter. Swiss National Bank boosted its position in shares of Apollo Global Management by 0.4% in the 3rd quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider’s stock worth $147,670,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Fort Pitt Capital Group LLC increased its stake in shares of Apollo Global Management by 10.5% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 1,100,686 shares of the financial services provider’s stock valued at $137,487,000 after acquiring an additional 104,668 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Insider Activity at Apollo Global Management

In other news, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management 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 sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 201,600 shares of company stock valued at $34,977,528 over the last three months. 8.50% of the stock is owned by insiders.

Apollo Global Management Trading Down 4.0 %

Shares of Apollo Global Management stock opened at $150.45 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a market capitalization of $85.12 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.21 and a beta of 1.63. The firm’s 50-day moving average price is $165.90 and its two-hundred day moving average price is $148.15.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.23%. Apollo Global Management’s dividend payout ratio is 25.31%.

Wall Street Analysts Forecast Growth

APO has been the topic of several research analyst reports. Piper Sandler raised their price objective on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley lifted their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Barclays boosted their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. TD Cowen upped their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Wells Fargo & Company dropped their price objective on shares of 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. One investment 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

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.