Aviva PLC Acquires 241,179 Shares of Apollo Global Management, Inc. (NYSE:APO)

Aviva PLC grew its holdings in Apollo Global Management, Inc. (NYSE:APO) by 124.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 434,389 shares of the financial services provider’s stock after purchasing an additional 241,179 shares during the quarter. Aviva PLC’s holdings in Apollo Global Management were worth $71,744,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APO. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the fourth quarter valued at about $34,000. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management during the 4th quarter worth about $39,000. Finally, HM Payson & Co. acquired a new position in shares of Apollo Global Management during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 34,604,773 shares of the company’s stock, valued at approximately $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Trading Down 12.3 %

Shares of Apollo Global Management stock opened at $108.22 on Friday. The company’s fifty day moving average price is $148.49 and its two-hundred day moving average price is $153.82. The firm has a market capitalization of $61.74 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 1.71%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on APO shares. Bank of America upped their target price on Apollo Global Management from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen raised 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. Keefe, Bruyette & Woods cut their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their price target on Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Finally, BMO Capital Markets boosted their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. One 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. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $168.26.

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.