William Blair Investment Management LLC Cuts Stock Position in Apollo Global Management, Inc. (NYSE:APO)

William Blair Investment Management LLC lowered its position in Apollo Global Management, Inc. (NYSE:APO) by 19.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,399,360 shares of the financial services provider’s stock after selling 334,048 shares during the period. William Blair Investment Management LLC owned approximately 0.25% of Apollo Global Management worth $231,118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Partners Group Holding AG grew its position in shares of Apollo Global Management by 26.5% in the 3rd quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider’s stock worth $96,896,000 after buying an additional 162,678 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of Apollo Global Management in the 4th quarter worth approximately $3,994,000. Swedbank AB grew its position in shares of Apollo Global Management by 50.9% in the 3rd quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock worth $9,735,000 after buying an additional 26,300 shares during the last quarter. Fortress Financial Solutions LLC purchased a new stake in Apollo Global Management during the 4th quarter worth approximately $685,000. Finally, Leavell Investment Management Inc. grew its position in Apollo Global Management by 39.8% during the 4th quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider’s stock worth $1,016,000 after purchasing an additional 1,750 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

APO opened at $134.36 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a fifty day moving average price of $156.36 and a 200 day moving average price of $151.32. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The stock has a market cap of $76.65 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is presently 25.31%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on APO shares. Keefe, Bruyette & Woods dropped their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company dropped their target price on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. TD Cowen boosted their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $165.74.

Insiders Place Their Bets

In other Apollo Global Management news, 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 transaction of $791,400.00. Following the completion of the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.50% of the stock is currently owned by company insiders.

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.