Mizuho Securities USA LLC Buys Shares of 42,365 Apollo Global Management, Inc. (NYSE:APO)

Mizuho Securities USA LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, HoldingsChannel reports. The firm bought 42,365 shares of the financial services provider’s stock, valued at approximately $6,997,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in Apollo Global Management during the 4th quarter worth $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management in the fourth quarter worth about $34,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management in the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth about $39,000. Finally, HM Payson & Co. bought a new position in shares of Apollo Global Management during the 4th quarter valued at about $45,000. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on APO. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Barclays boosted their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. BMO Capital Markets increased their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Morgan Stanley boosted their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. One investment 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. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $165.21.

Apollo Global Management Stock Down 0.9 %

APO stock opened at $143.53 on Friday. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The business has a 50-day simple moving average of $154.31 and a 200 day simple moving average of $152.02. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market cap of $81.88 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

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 dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value 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. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

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.