NFC Investments LLC Trims Position in Apollo Global Management, Inc. (NYSE:APO)

NFC Investments LLC cut its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 308,403 shares of the financial services provider's stock after selling 105,925 shares during the period. Apollo Global Management comprises approximately 14.1% of NFC Investments LLC's portfolio, making the stock its biggest holding. NFC Investments LLC owned about 0.05% of Apollo Global Management worth $50,935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aptus Capital Advisors LLC purchased a new stake in Apollo Global Management during the third quarter worth about $250,000. KBC Group NV grew its position in shares of Apollo Global Management by 15.4% during the 3rd quarter. KBC Group NV now owns 63,047 shares of the financial services provider's stock valued at $7,875,000 after acquiring an additional 8,416 shares during the period. Metis Global Partners LLC increased its stake in shares of Apollo Global Management by 8.7% during the 3rd quarter. Metis Global Partners LLC now owns 10,186 shares of the financial services provider's stock worth $1,272,000 after purchasing an additional 819 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Apollo Global Management by 4.9% in the 3rd quarter. CIBC Asset Management Inc now owns 19,094 shares of the financial services provider's stock worth $2,385,000 after purchasing an additional 899 shares during the period. Finally, Empowered Funds LLC lifted its stake in Apollo Global Management by 145.3% in the third quarter. Empowered Funds LLC now owns 38,874 shares of the financial services provider's stock valued at $4,856,000 after purchasing an additional 23,024 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions 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 dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares of the company's stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.50% of the company's stock.

Apollo Global Management Price Performance

Shares of NYSE APO traded up $4.90 during midday trading on Wednesday, hitting $142.34. 764,947 shares of the company's stock were exchanged, compared to its average volume of 3,350,890. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The business's fifty day moving average price is $155.26 and its two-hundred day moving average price is $151.65. The company has a market cap of $81.20 billion, a price-to-earnings ratio of 19.51, a PEG 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.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.30%. Apollo Global Management's dividend payout ratio is presently 25.31%.

Wall Street Analysts Forecast Growth

APO has been the topic of several research reports. StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their price objective on Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. TD Cowen upped their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a report on Monday, December 9th. Wells Fargo & Company reduced their target price on shares of Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler upped their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $165.74.

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.