Van ECK Associates Corp Boosts Holdings in Apollo Global Management, Inc. (NYSE:APO)

Van ECK Associates Corp increased its position in Apollo Global Management, Inc. (NYSE:APO) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,925 shares of the financial services provider’s stock after purchasing an additional 6,982 shares during the quarter. Van ECK Associates Corp’s holdings in Apollo Global Management were worth $14,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in APO. Allspring Global Investments Holdings LLC grew its stake in shares of Apollo Global Management by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 104,429 shares of the financial services provider’s stock valued at $17,321,000 after acquiring an additional 2,241 shares in the last quarter. Great Lakes Retirement Inc. boosted its holdings in Apollo Global Management by 1.7% in the fourth quarter. Great Lakes Retirement Inc. now owns 8,814 shares of the financial services provider’s stock valued at $1,456,000 after purchasing an additional 145 shares during the last quarter. Hartford Investment Management Co. acquired a new stake in Apollo Global Management during the 4th quarter valued at approximately $4,572,000. TFB Advisors LLC increased its holdings in Apollo Global Management by 0.9% during the 4th quarter. TFB Advisors LLC now owns 19,199 shares of the financial services provider’s stock worth $3,171,000 after purchasing an additional 171 shares during the last quarter. Finally, Capital Advisors Inc. OK raised its position in shares of Apollo Global Management by 5.2% in the 4th quarter. Capital Advisors Inc. OK now owns 4,206 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 206 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 3.2 %

Shares of NYSE:APO opened at $162.95 on Friday. The company has a 50 day moving average of $167.64 and a 200-day moving average of $146.12. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $92.20 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.28 and a beta of 1.63. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a $0.4625 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.14%. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on APO shares. Barclays upped their price target on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. BMO Capital Markets lifted their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Piper Sandler increased their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $165.74.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the transaction, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,600 shares of company stock valued at $34,977,528. 8.50% of the stock is owned by corporate 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.