Apollo Global Management, Inc. (NYSE:APO) Shares Sold by DRW Securities LLC

DRW Securities LLC decreased its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 75.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,842 shares of the financial services provider's stock after selling 15,069 shares during the quarter. DRW Securities LLC's holdings in Apollo Global Management were worth $800,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. increased its position in shares of Apollo Global Management by 2.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock worth $447,000 after purchasing an additional 71 shares during the last quarter. Tower Wealth Partners Inc. boosted its holdings in Apollo Global Management by 4.4% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 74 shares during the period. Sfmg LLC grew its position in shares of Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock worth $902,000 after buying an additional 79 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Apollo Global Management by 0.9% during the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock worth $1,639,000 after purchasing an additional 90 shares during the last quarter. Finally, Westmount Partners LLC boosted its position in shares of Apollo Global Management by 1.8% during the 4th quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider's stock worth $841,000 after acquiring an additional 91 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley reduced their price objective on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research report on Monday. Bank of America boosted their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. BMO Capital Markets boosted their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Finally, TD Cowen dropped their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management has an average rating of "Moderate Buy" and an average price target of $156.00.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the firm's stock in a transaction on Friday, April 4th. The shares were bought at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. This represents a 4,331.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.50% of the company's stock.

Apollo Global Management Stock Up 2.6 %

NYSE:APO traded up $3.23 during mid-day trading on Tuesday, hitting $128.75. The company had a trading volume of 1,322,825 shares, compared to its average volume of 3,768,403. The firm has a market capitalization of $73.45 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.17 and a beta of 1.66. 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, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The business has a fifty day simple moving average of $140.87 and a 200-day simple moving average of $153.65.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.44%. Apollo Global Management's dividend payout ratio is currently 25.31%.

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.