Levin Capital Strategies L.P. Has $10.09 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Levin Capital Strategies L.P. lifted its stake in Apollo Global Management, Inc. (NYSE:APO) by 31.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,081 shares of the financial services provider’s stock after purchasing an additional 14,492 shares during the period. Levin Capital Strategies L.P.’s holdings in Apollo Global Management were worth $10,088,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Menard Financial Group LLC grew its holdings in Apollo Global Management by 1.2% during the 3rd 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 during the period. Sfmg LLC grew its holdings in Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after acquiring an additional 79 shares during the period. Cigna Investments Inc. New grew its holdings in Apollo Global Management by 1.8% during the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 90 shares during the period. Global Retirement Partners LLC grew its holdings in Apollo Global Management by 0.9% during the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider’s stock worth $1,639,000 after acquiring an additional 90 shares during the period. Finally, Westmount Partners LLC grew its holdings in Apollo Global Management by 1.8% during the 4th quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on APO shares. Barclays lifted 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. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Evercore ISI lifted their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, TD Cowen lifted their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, 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 58,200 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,600 shares of company stock worth $34,977,528. Insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Up 1.2 %

Shares of APO stock opened at $149.21 on Friday. 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, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The firm’s fifty day moving average price is $163.39 and its two-hundred day moving average price is $149.36. The firm has a market capitalization of $84.42 billion, a P/E ratio of 20.41, a PEG ratio of 1.17 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.24%. Apollo Global Management’s payout ratio is currently 25.31%.

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.