Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Centiva Capital LP

Centiva Capital LP reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 82.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,193 shares of the financial services provider's stock after selling 47,212 shares during the quarter. Centiva Capital LP's holdings in Apollo Global Management were worth $1,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. grew its position in shares of Apollo Global Management by 142.1% in the 3rd quarter. Beacon Investment Advisory Services Inc. now owns 21,755 shares of the financial services provider's stock worth $2,717,000 after buying an additional 12,770 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Apollo Global Management by 372.4% in the third quarter. Benjamin Edwards Inc. now owns 20,196 shares of the financial services provider's stock valued at $2,523,000 after acquiring an additional 15,921 shares in the last quarter. Atom Investors LP increased its position in Apollo Global Management by 93.5% during the 3rd quarter. Atom Investors LP now owns 31,563 shares of the financial services provider's stock valued at $3,943,000 after purchasing an additional 15,251 shares during the period. Bamco Inc. NY raised its holdings in Apollo Global Management by 2.9% in the 3rd quarter. Bamco Inc. NY now owns 137,429 shares of the financial services provider's stock worth $17,166,000 after purchasing an additional 3,813 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in shares of Apollo Global Management in the 3rd quarter worth about $1,192,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company's stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares of the company's stock, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock worth $34,186,128 in the last 90 days. 8.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APO. Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $149.00 to $164.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Barclays increased their target price on Apollo Global Management from $148.00 to $174.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Piper Sandler initiated coverage on Apollo Global Management in a research report on Tuesday, November 19th. They set an "overweight" rating and a $188.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Apollo Global Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.05.

Apollo Global Management Stock Performance

APO stock traded up $1.00 during trading on Thursday, reaching $175.73. The stock had a trading volume of 3,822,681 shares, compared to its average volume of 2,725,674. The stock's 50 day moving average is $151.42 and its two-hundred day moving average is $127.98. Apollo Global Management, Inc. has a 52 week low of $89.45 and a 52 week high of $178.75. The firm has a market cap of $99.43 billion, a PE ratio of 18.26, a PEG ratio of 1.79 and a beta of 1.63. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a $0.463 dividend. This represents a $1.85 annualized dividend and a yield of 1.05%. The ex-dividend date was Monday, November 18th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is currently 19.33%.

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.