Swiss National Bank Cuts Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Swiss National Bank lowered its stake in Apollo Global Management, Inc. (NYSE:APO) by 4.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,126,214 shares of the financial services provider’s stock after selling 56,000 shares during the period. Swiss National Bank owned 0.20% of Apollo Global Management worth $186,006,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

APO has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods lowered their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group increased their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays increased their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One equities 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 company. Based on data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $165.74.

Apollo Global Management Stock Down 3.5 %

Apollo Global Management stock opened at $130.16 on Friday. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a 50 day moving average price of $157.77 and a 200 day moving average price of $150.78. The company has a market capitalization of $74.25 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 annualized dividend and a yield of 1.42%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.50% of the stock is owned by 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.