Charles Schwab Investment Management Inc. Buys 1,094,464 Shares of Apollo Global Management, Inc. (NYSE:APO)

Charles Schwab Investment Management Inc. boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 60.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,900,562 shares of the financial services provider’s stock after purchasing an additional 1,094,464 shares during the period. Charles Schwab Investment Management Inc. owned about 0.51% of Apollo Global Management worth $479,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APO. 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 fourth quarter valued at $37,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management in the fourth quarter valued at about $39,000. UMB Bank n.a. boosted its position in Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 228 shares during the last quarter. Finally, WR Wealth Planners LLC boosted its position in Apollo Global Management by 25.3% in the fourth quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO stock opened at $137.76 on Wednesday. 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 company’s fifty day moving average price is $162.11 and its 200-day moving average price is $150.09. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a market capitalization of $78.59 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The business also recently declared 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 annualized dividend and a yield of 1.34%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the topic of several recent research reports. Piper Sandler increased their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their price target 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, UBS Group raised Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. One investment 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, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

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.