Sumitomo Mitsui Trust Group Inc. Grows Position in Apollo Global Management, Inc. (NYSE:APO)

Sumitomo Mitsui Trust Group Inc. grew its position in Apollo Global Management, Inc. (NYSE:APO) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 958,745 shares of the financial services provider’s stock after purchasing an additional 6,955 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.17% of Apollo Global Management worth $158,346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management in the 4th quarter valued at $39,000. UMB Bank n.a. raised 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 valued at $46,000 after purchasing an additional 228 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of Apollo Global Management during the third quarter worth about $35,000. Versant Capital Management Inc boosted its position in shares of Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after buying an additional 336 shares during the period. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $89,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Citigroup boosted their price target on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Barclays boosted their price target on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Piper Sandler raised their price objective on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group upped their target price on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.00.

Insider Buying and Selling

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 stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the sale, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Down 0.9 %

Shares of APO stock opened at $163.39 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of $169.13 and a 200 day simple moving average of $144.66. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The stock has a market capitalization of $92.45 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.37 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.13%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

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.