Teachers Retirement System of The State of Kentucky Has $40.96 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

Teachers Retirement System of The State of Kentucky increased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 247,992 shares of the financial services provider’s stock after buying an additional 9,192 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Apollo Global Management were worth $40,959,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Apollo Global Management by 8.9% in the fourth quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider’s stock valued at $7,454,560,000 after buying an additional 3,691,700 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Apollo Global Management by 64.6% during the 4th quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider’s stock worth $1,550,316,000 after buying an additional 3,695,979 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Apollo Global Management by 60.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock valued at $479,057,000 after purchasing an additional 1,094,464 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Apollo Global Management by 245.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider’s stock valued at $438,196,000 after acquiring an additional 1,886,146 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Apollo Global Management by 42.1% in the fourth quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock valued at $436,148,000 after buying an additional 782,700 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In other news, insider Lb 2018 Gst Trust acquired 607,725 shares of the business’s stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the acquisition, the insider now directly owns 621,754 shares of the company’s stock, valued at $69,257,178.06. This represents a 4,331.92 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the sale, the insider now directly owns 34,604,773 shares of the company’s stock, valued at $4,913,877,766. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Up 1.3 %

Shares of APO opened at $126.78 on Friday. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The firm has a market capitalization of $72.33 billion, a P/E ratio of 17.34, a PEG ratio of 1.17 and a beta of 1.66. The firm’s 50-day moving average is $138.04 and its two-hundred day moving average is $153.39. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

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 given a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.46%. Apollo Global Management’s dividend payout ratio is presently 25.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on APO shares. Bank of America raised their target price on Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Barclays cut their price target on shares of Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Raymond James began coverage on Apollo Global Management in a report on Thursday, April 10th. They issued a “strong-buy” rating and a $173.00 price objective for the company. Wells Fargo & Company dropped their price target on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley cut their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.