Apollo Global Management Inc. $APO Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its position in Apollo Global Management Inc. (NYSE:APO) by 22.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 312,730 shares of the financial services provider’s stock after selling 92,287 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Apollo Global Management were worth $44,367,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC increased its stake in shares of Apollo Global Management by 9.0% in the first quarter. CWM LLC now owns 7,916 shares of the financial services provider’s stock valued at $1,084,000 after purchasing an additional 654 shares during the period. Cullen Frost Bankers Inc. increased its position in Apollo Global Management by 36.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 408 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 108 shares during the period. Graypoint LLC increased its position in Apollo Global Management by 12.0% in the 1st quarter. Graypoint LLC now owns 2,227 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 239 shares during the period. Private Advisor Group LLC raised its stake in Apollo Global Management by 44.2% during the 1st quarter. Private Advisor Group LLC now owns 16,336 shares of the financial services provider’s stock valued at $2,237,000 after acquiring an additional 5,005 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in Apollo Global Management by 6.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 25,809 shares of the financial services provider’s stock worth $3,534,000 after acquiring an additional 1,627 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on APO shares. BMO Capital Markets began coverage on Apollo Global Management in a report on Friday, October 3rd. They set a “market perform” rating and a $132.00 price target on the stock. Evercore ISI increased their target price on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Morgan Stanley lowered their target price on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Barclays boosted their price target on shares of Apollo Global Management from $147.00 to $158.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, Citigroup decreased their price objective on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.00.

Insider Buying and Selling

In related news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the sale, the insider directly owned 4,526,000 shares in the company, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $130.56 on Monday. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The stock has a market cap of $74.68 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63. The company’s 50-day moving average price is $130.66 and its two-hundred day moving average price is $136.24.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, November 17th. Apollo Global Management’s payout ratio is presently 29.82%.

Apollo Global Management Company 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.