Hilton Capital Management LLC reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO – Free Report) by 12.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,385 shares of the financial services provider’s stock after selling 10,130 shares during the quarter. Apollo Global Management makes up about 1.0% of Hilton Capital Management LLC’s holdings, making the stock its 22nd biggest holding. Hilton Capital Management LLC’s holdings in Apollo Global Management were worth $11,955,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Left Brain Wealth Management LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $4,251,000. Wellington Shields Capital Management LLC raised its holdings in Apollo Global Management by 2.1% during the 4th quarter. Wellington Shields Capital Management LLC now owns 53,323 shares of the financial services provider’s stock valued at $8,807,000 after buying an additional 1,099 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $6,737,000. Stelac Advisory Services LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $132,000. Finally, Wintrust Investments LLC raised its holdings in Apollo Global Management by 888.0% during the 4th quarter. Wintrust Investments LLC now owns 8,714 shares of the financial services provider’s stock valued at $1,439,000 after buying an additional 7,832 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.
Insider Transactions at Apollo Global Management
In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Apollo Global Management
Apollo Global Management Price Performance
APO opened at $130.16 on Friday. 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 stock has a market capitalization of $74.25 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.17 and a beta of 1.66. The company’s 50-day simple moving average is $157.77 and its two-hundred day simple moving average is $150.78. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49.
Apollo Global Management Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.
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.
Recommended Stories
- Five stocks we like better than Apollo Global Management
- The 3 Best Fintech Stocks to Buy Now
- 3 Undervalued Stocks You Can Buy at a Discount Now
- How to Profit From Value Investing
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- Golden Cross Stocks: Pattern, Examples and Charts
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.