Grandeur Peak Global Advisors LLC Sells 6,894 Shares of Apollo Global Management, Inc. (NYSE:APO)

Grandeur Peak Global Advisors LLC lessened its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 37.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,710 shares of the financial services provider's stock after selling 6,894 shares during the quarter. Grandeur Peak Global Advisors LLC's holdings in Apollo Global Management were worth $1,934,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Hopwood Financial Services Inc. acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the fourth quarter valued at about $34,000. Byrne Asset Management LLC acquired a new position in Apollo Global Management during the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management in the fourth quarter worth about $39,000. Finally, HM Payson & Co. acquired a new stake in Apollo Global Management in the 4th quarter valued at about $45,000. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Up 1.7 %

APO traded up $2.19 during trading on Tuesday, reaching $127.71. 3,113,775 shares of the stock traded hands, compared to its average volume of 3,782,959. 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, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The stock's 50-day simple moving average is $140.13 and its two-hundred day simple moving average is $153.47. The stock has a market cap of $72.85 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

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Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.45%. Apollo Global Management's payout ratio is 25.31%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on APO shares. Raymond James began coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 target price on the stock. Piper Sandler dropped their price target on Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. BMO Capital Markets raised their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Morgan Stanley decreased their target price on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, TD Cowen reduced their target price on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $156.00.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction 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 transaction, the chief financial officer now owns 377,164 shares in the company, 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 can be accessed through this hyperlink. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of Apollo Global Management stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the purchase, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. Insiders own 8.50% of the company's stock.

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.