Metis Global Partners LLC Buys 9,471 Shares of Apollo Global Management, Inc. (NYSE:APO)

Metis Global Partners LLC raised its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 93.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,657 shares of the financial services provider’s stock after acquiring an additional 9,471 shares during the quarter. Metis Global Partners LLC’s holdings in Apollo Global Management were worth $3,247,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in APO. Bank of New York Mellon Corp increased its holdings in shares of Apollo Global Management by 42.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock worth $436,148,000 after purchasing an additional 782,700 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Apollo Global Management by 15,187.7% during the 4th quarter. Proficio Capital Partners LLC now owns 639,027 shares of the financial services provider’s stock worth $105,542,000 after purchasing an additional 634,847 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Apollo Global Management by 813.6% during the 4th quarter. Principal Financial Group Inc. now owns 542,780 shares of the financial services provider’s stock worth $89,646,000 after purchasing an additional 483,369 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Apollo Global Management by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock worth $225,600,000 after purchasing an additional 383,557 shares during the period. Finally, Holocene Advisors LP increased its holdings in shares of Apollo Global Management by 530.9% during the 3rd quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider’s stock worth $50,242,000 after purchasing an additional 338,472 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 1.2 %

Shares of NYSE APO opened at $149.21 on Friday. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The company has a market cap of $84.42 billion, a PE ratio of 20.41, a P/E/G ratio of 1.17 and a beta of 1.63. 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 company has a 50-day moving average of $163.39 and a two-hundred day moving average of $149.36.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is presently 25.31%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on APO. Evercore ISI lifted their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods decreased their target price 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. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Piper Sandler lifted their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, BMO Capital Markets lifted their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $165.74.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the business’s 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 of the company’s stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 201,600 shares of company stock valued at $34,977,528. Insiders own 8.50% of the company’s stock.

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.