Apollo Global Management, Inc. (NYSE:APO) Stock Holdings Decreased by abrdn plc

abrdn plc reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193,939 shares of the financial services provider’s stock after selling 6,287 shares during the period. abrdn plc’s holdings in Apollo Global Management were worth $32,177,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Partners Group Holding AG increased its position in shares of Apollo Global Management by 26.5% in the third quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider’s stock worth $96,896,000 after acquiring an additional 162,678 shares in the last quarter. Swedbank AB boosted its holdings in shares of Apollo Global Management by 50.9% during the third quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock worth $9,735,000 after purchasing an additional 26,300 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth approximately $648,000. Advisors Asset Management Inc. boosted its holdings in shares of Apollo Global Management by 34.1% during the third quarter. Advisors Asset Management Inc. now owns 19,441 shares of the financial services provider’s stock worth $2,428,000 after purchasing an additional 4,941 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 254,268 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Trading Up 2.0 %

Shares of APO stock opened at $165.84 on Thursday. 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 $169.55 and its 200 day simple moving average is $144.25. The firm has a market capitalization of $93.84 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.37 and a beta of 1.63. 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 Cuts Dividend

The business also recently announced 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. This represents a $1.85 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Evercore ISI raised their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. BMO Capital Markets raised their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Wells Fargo & Company reduced their target price 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, TD Cowen lifted their target price on shares of 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 assigned a buy rating to the stock. According to data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $164.00.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management 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 $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 quarter, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by company insiders.

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.