HUB Investment Partners LLC Reduces Stock Position in Apollo Global Management, Inc. (NYSE:APO)

HUB Investment Partners LLC lessened its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 9.0% in the fourth quarter, HoldingsChannel reports. The firm owned 133,043 shares of the financial services provider’s stock after selling 13,093 shares during the quarter. Apollo Global Management makes up approximately 0.9% of HUB Investment Partners LLC’s holdings, making the stock its 24th biggest holding. HUB Investment Partners LLC’s holdings in Apollo Global Management were worth $21,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. CIBC Asset Management Inc increased its position in Apollo Global Management by 4.9% during the 3rd quarter. CIBC Asset Management Inc now owns 19,094 shares of the financial services provider’s stock worth $2,385,000 after purchasing an additional 899 shares in the last quarter. Natixis Advisors LLC grew its holdings in Apollo Global Management by 4.1% in the 3rd quarter. Natixis Advisors LLC now owns 156,585 shares of the financial services provider’s stock valued at $19,559,000 after buying an additional 6,197 shares during the period. Claro Advisors LLC grew its holdings in Apollo Global Management by 5.7% in the 3rd quarter. Claro Advisors LLC now owns 1,869 shares of the financial services provider’s stock valued at $233,000 after buying an additional 100 shares during the period. Quest Partners LLC purchased a new stake in Apollo Global Management in the 3rd quarter valued at about $1,079,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Apollo Global Management in the 3rd quarter valued at about $2,125,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $143.38 on Thursday. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve 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 company has a market capitalization of $81.80 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The business has a 50 day simple moving average of $154.89 and a 200-day simple moving average of $151.59.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.29%. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

APO has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target 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. Piper Sandler lifted their price target on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods reduced their price objective on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, TD Cowen lifted 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

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.