Morton Community Bank Cuts Stake in Apollo Global Management, Inc. (NYSE:APO)

Morton Community Bank decreased its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 5.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 38,325 shares of the financial services provider's stock after selling 2,319 shares during the period. Apollo Global Management makes up about 1.7% of Morton Community Bank's investment portfolio, making the stock its 5th largest position. Morton Community Bank's holdings in Apollo Global Management were worth $6,330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter worth about $34,000. Byrne Asset Management LLC acquired a new position in Apollo Global Management during the 4th quarter worth approximately $37,000. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management in the 4th quarter worth approximately $39,000. HM Payson & Co. acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $45,000. Finally, UMB Bank n.a. raised its stake in shares of Apollo Global Management by 447.1% during the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 228 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Morgan Stanley upped their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Piper Sandler boosted their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Finally, TD Cowen raised their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $165.74.

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Apollo Global Management Stock Performance

Shares of NYSE:APO traded up $3.99 during trading on Wednesday, reaching $134.41. 1,862,216 shares of the company's stock traded hands, compared to its average volume of 3,624,460. The stock has a market capitalization of $76.68 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a 50 day moving average of $158.38 and a 200-day moving average of $150.89. 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 business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 1.38%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's payout ratio is 25.31%.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.50% of the company's stock.

Apollo Global Management 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.