Beck Mack & Oliver LLC Sells 115,981 Shares of Apollo Global Management, Inc. (NYSE:APO)

Beck Mack & Oliver LLC reduced its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,953,242 shares of the financial services provider's stock after selling 115,981 shares during the quarter. Apollo Global Management comprises approximately 9.0% of Beck Mack & Oliver LLC's investment portfolio, making the stock its biggest holding. Beck Mack & Oliver LLC owned about 0.52% of Apollo Global Management worth $487,757,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. World Investment Advisors LLC increased its stake in shares of Apollo Global Management by 1.8% in the third quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider's stock worth $852,000 after acquiring an additional 119 shares during the period. Sfmg LLC grew its position in Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock worth $902,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Apollo Global Management during the 3rd quarter valued at about $503,000. Versant Capital Management Inc lifted its holdings in shares of Apollo Global Management by 203.6% in the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock valued at $83,000 after buying an additional 336 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Apollo Global Management by 10.4% during the fourth quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider's stock worth $457,000 after acquiring an additional 260 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 5.0 %

Shares of APO stock traded up $6.39 during trading hours on Thursday, hitting $132.94. The company had a trading volume of 1,520,395 shares, compared to its average volume of 3,804,108. The stock has a market capitalization of $75.84 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. 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 company's fifty day moving average is $135.86 and its 200 day moving average is $153.05.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 yield of 1.39%. Apollo Global Management's dividend payout ratio (DPR) is presently 25.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on APO shares. Citigroup lowered their price objective on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company decreased their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Bank of America boosted their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Finally, Barclays decreased their price target on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $156.00.

Insider Transactions at Apollo Global Management

In related news, insider Lb 2018 Gst Trust bought 607,725 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares in the company, valued at approximately $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.