Tocqueville Asset Management L.P. Has $81.05 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Tocqueville Asset Management L.P. lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 490,748 shares of the financial services provider’s stock after purchasing an additional 4,926 shares during the quarter. Apollo Global Management makes up about 1.3% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its 12th largest position. Tocqueville Asset Management L.P. owned 0.09% of Apollo Global Management worth $81,052,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at $34,000. Byrne Asset Management LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at $37,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at $39,000. Finally, HM Payson & Co. acquired a new stake in Apollo Global Management in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Up 3.2 %

APO stock opened at $134.36 on Monday. The company has a market cap of $76.65 billion, a P/E ratio of 18.38, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. 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 business has a fifty day moving average of $156.36 and a 200-day moving average of $151.32.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.38%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on APO shares. Piper Sandler boosted their price target 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. The Goldman Sachs Group boosted their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. BMO Capital Markets boosted their price target on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. TD Cowen lifted their price objective on 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, Wells Fargo & Company cut their price objective on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $165.74.

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.