Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Net Worth Advisory Group

Net Worth Advisory Group lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,601 shares of the financial services provider’s stock after selling 300 shares during the quarter. Net Worth Advisory Group’s holdings in Apollo Global Management were worth $595,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Independent Advisor Alliance boosted its position in Apollo Global Management by 78.0% during the 4th quarter. Independent Advisor Alliance now owns 3,438 shares of the financial services provider’s stock worth $568,000 after acquiring an additional 1,506 shares during the period. Tower Wealth Partners Inc. boosted its position in Apollo Global Management by 4.4% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 74 shares during the period. Daiwa Securities Group Inc. boosted its position in Apollo Global Management by 80.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 55,525 shares of the financial services provider’s stock worth $9,171,000 after acquiring an additional 24,805 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Apollo Global Management by 9.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,171 shares of the financial services provider’s stock worth $26,289,000 after buying an additional 14,317 shares in the last quarter. Finally, Taika Capital LP bought a new stake in shares of Apollo Global Management in the 4th quarter worth $367,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Down 4.8 %

Shares of Apollo Global Management stock opened at $125.99 on Tuesday. The stock has a 50-day moving average price of $159.07 and a 200 day moving average price of $150.76. The company has a market cap of $71.88 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.47%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was 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 approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on APO. UBS Group raised Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. BMO Capital Markets boosted their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Barclays boosted their price objective 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. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods dropped their price objective 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.