Capital Analysts LLC Decreases Position in Apollo Global Management, Inc. (NYSE:APO)

Capital Analysts LLC decreased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 14.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 998 shares of the financial services provider’s stock after selling 175 shares during the quarter. Capital Analysts LLC’s holdings in Apollo Global Management were worth $165,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in APO. World Investment Advisors LLC lifted its stake in Apollo Global Management by 1.8% during the third quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 119 shares during the last quarter. Sfmg LLC lifted its stake in Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after purchasing an additional 79 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Apollo Global Management during the third quarter worth approximately $503,000. Versant Capital Management Inc lifted its stake in Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 336 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Apollo Global Management by 10.4% in the fourth quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider’s stock valued at $457,000 after buying an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling

In related news, insider Lb 2018 Gst Trust acquired 607,725 shares of Apollo Global Management stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the transaction, the insider now directly owns 621,754 shares of the company’s stock, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the company’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 owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Trading Up 2.2 %

Shares of APO stock opened at $136.36 on Tuesday. The business’s fifty day moving average price is $134.23 and its 200 day moving average price is $153.21. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The firm has a market capitalization of $77.79 billion, a PE ratio of 18.65, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

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 issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is presently 25.31%.

Analyst Ratings Changes

APO has been the subject of a number of research reports. Piper Sandler reduced their price objective on Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company reduced their price objective on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Citigroup reduced their price objective on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Raymond James initiated coverage on Apollo Global Management in a research note on Thursday, April 10th. They issued a “strong-buy” rating and a $173.00 price objective for the company. Finally, Bank of America boosted their price objective on Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.