Hilton Capital Management LLC Sells 10,130 Shares of Apollo Global Management, Inc. (NYSE:APO)

Hilton Capital Management LLC reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO) 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

Several research analysts have commented on APO shares. Keefe, Bruyette & Woods decreased their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Morgan Stanley upped their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Barclays upped their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.74.

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.