Great Diamond Partners LLC Sells 67 Shares of Apollo Global Management, Inc. (NYSE:APO)

Great Diamond Partners LLC cut its position in Apollo Global Management, Inc. (NYSE:APO) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,229 shares of the financial services provider’s stock after selling 67 shares during the period. Great Diamond Partners LLC’s holdings in Apollo Global Management were worth $698,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management during the 4th quarter worth $39,000. UMB Bank n.a. raised its holdings in Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after buying an additional 228 shares during the period. Compagnie Lombard Odier SCmA bought a new position in Apollo Global Management in the third quarter valued at approximately $35,000. Versant Capital Management Inc boosted its holdings 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 valued at $83,000 after buying an additional 336 shares during the period. Finally, ORG Wealth Partners LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth $97,000. 77.06% of the stock is owned by institutional investors.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the transaction, the insider now owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were 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 directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 196,600 shares of company stock worth $34,186,128. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $171.00 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 business’s 50 day moving average price is $170.11 and its two-hundred day moving average price is $143.18. The company has a market cap of $96.75 billion, a PE ratio of 17.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.63. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. The ex-dividend date was Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.08%. Apollo Global Management’s payout ratio is presently 19.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company cut their price objective on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley upped their price objective on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Citigroup lifted their target price on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, TD Cowen lifted their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.32.

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.