Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Crescent Park Management L.P.

Crescent Park Management L.P. raised its position in Apollo Global Management, Inc. (NYSE:APO) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,232 shares of the financial services provider’s stock after purchasing an additional 723 shares during the period. Apollo Global Management comprises approximately 1.3% of Crescent Park Management L.P.’s portfolio, making the stock its 18th biggest holding. Crescent Park Management L.P.’s holdings in Apollo Global Management were worth $3,342,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in Apollo Global Management during the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter valued at $34,000. Byrne Asset Management LLC purchased a new stake in Apollo Global Management during the 4th quarter worth about $37,000. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management in the 4th quarter valued at about $39,000. Finally, HM Payson & Co. acquired a new stake in shares of Apollo Global Management during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 34,604,773 shares of the company’s stock, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management 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 completion of the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % 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 1.0 %

APO opened at $138.30 on Wednesday. The stock has a market capitalization of $78.90 billion, a PE ratio of 18.92, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The firm’s fifty day moving average price is $151.25 and its 200 day moving average price is $153.93.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s payout ratio is 25.31%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays upped their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Piper Sandler lifted their price objective on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods decreased their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price objective on shares of Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.21.

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.