Xponance Inc. Has $16.50 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Xponance Inc. grew its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,910 shares of the financial services provider’s stock after buying an additional 24,748 shares during the quarter. Xponance Inc.’s holdings in Apollo Global Management were worth $16,501,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its position in shares of Apollo Global Management by 4.9% during the third quarter. CIBC Asset Management Inc now owns 19,094 shares of the financial services provider’s stock valued at $2,385,000 after purchasing an additional 899 shares in the last quarter. Empowered Funds LLC raised its position in Apollo Global Management by 145.3% in the third quarter. Empowered Funds LLC now owns 38,874 shares of the financial services provider’s stock worth $4,856,000 after acquiring an additional 23,024 shares during the period. Natixis Advisors LLC raised its position in Apollo Global Management by 4.1% in the third quarter. Natixis Advisors LLC now owns 156,585 shares of the financial services provider’s stock worth $19,559,000 after acquiring an additional 6,197 shares during the period. Claro Advisors LLC raised its position in Apollo Global Management by 5.7% in the third quarter. Claro Advisors LLC now owns 1,869 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 100 shares during the period. Finally, Swiss National Bank raised its position in Apollo Global Management by 0.4% in the third quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider’s stock worth $147,670,000 after acquiring an additional 4,600 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on APO shares. Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group lifted their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods lowered their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. TD Cowen boosted their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

Apollo Global Management Trading Up 3.4 %

NYSE:APO opened at $138.90 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The firm has a market capitalization of $79.24 billion, a P/E ratio of 19.00, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a fifty day moving average of $155.75 and a 200 day moving average of $151.50.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.33%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.50% of the company’s stock.

About Apollo Global Management

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.