MSA Advisors LLC Has $136.75 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

MSA Advisors LLC lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 827,972 shares of the financial services provider’s stock after selling 48,730 shares during the period. Apollo Global Management accounts for about 34.2% of MSA Advisors LLC’s portfolio, making the stock its largest position. MSA Advisors LLC owned 0.15% of Apollo Global Management worth $136,748,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Great Valley Advisor Group Inc. increased its position in shares of Apollo Global Management by 18.1% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 3,207 shares of the financial services provider’s stock valued at $401,000 after buying an additional 491 shares in the last quarter. Swedbank AB grew its holdings in Apollo Global Management by 50.9% during the third quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock worth $9,735,000 after purchasing an additional 26,300 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Apollo Global Management by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 30,720 shares of the financial services provider’s stock worth $3,837,000 after acquiring an additional 2,625 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Apollo Global Management in the third quarter valued at about $215,000. Finally, Truvestments Capital LLC bought a new position in Apollo Global Management in the 3rd quarter valued at about $83,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $144.52 on Thursday. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a 50-day simple moving average of $153.54 and a two-hundred day simple moving average of $152.82. 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 has a market capitalization of $82.45 billion, a PE ratio of 19.77, a P/E/G ratio of 1.17 and a beta of 1.66.

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 issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s payout ratio is presently 25.31%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on APO. Piper Sandler raised their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. BMO Capital Markets raised their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Morgan Stanley increased their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. TD Cowen raised their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company reduced 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 report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average target price of $165.21.

Insider Activity

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $71,000,000.00. Following the transaction, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents 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.

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.