Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Accuvest Global Advisors

Accuvest Global Advisors trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 40.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,400 shares of the financial services provider's stock after selling 14,931 shares during the period. Apollo Global Management comprises 5.3% of Accuvest Global Advisors' holdings, making the stock its 9th largest position. Accuvest Global Advisors' holdings in Apollo Global Management were worth $3,758,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth $37,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management in the 4th quarter valued at approximately $39,000. UMB Bank n.a. raised its holdings in Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after buying an additional 228 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Apollo Global Management by 203.6% in 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, Y.D. More Investments Ltd bought a new stake in shares of Apollo Global Management in the fourth quarter worth $89,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Down 3.0 %

NYSE:APO traded down $4.88 during mid-day trading on Thursday, hitting $155.39. 1,928,972 shares of the company's stock were exchanged, compared to its average volume of 3,214,264. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. 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 business has a fifty day moving average price of $166.81 and a 200 day moving average price of $147.10. The company has a market cap of $87.92 billion, a PE ratio of 21.26, a P/E/G ratio of 1.25 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is presently 25.31%.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the 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 directly owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 201,600 shares of company stock worth $34,977,528 in the last quarter. Corporate insiders own 8.50% of the company's stock.

Analyst Ratings Changes

APO has been the topic of a number of analyst reports. Citigroup upped their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Evercore ISI lifted their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Finally, UBS Group raised Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $165.74.

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.