Apollo Global Management, Inc. (NYSE:APO) Position Lessened by Atria Investments Inc

Atria Investments Inc lowered its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,452 shares of the financial services provider's stock after selling 2,046 shares during the period. Atria Investments Inc's holdings in Apollo Global Management were worth $2,882,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at $34,000. Byrne Asset Management LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at $37,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at $39,000. UMB Bank n.a. grew its position in shares of Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 228 shares during the period. Finally, WR Wealth Planners LLC grew its position in shares of Apollo Global Management by 25.3% in the fourth quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Down 1.6 %

Shares of NYSE:APO traded down $2.15 during trading on Friday, hitting $132.63. The company's stock had a trading volume of 5,946,544 shares, compared to its average volume of 3,555,060. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current 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 moving average price is $159.88 and its two-hundred day moving average price is $150.35. The company has a market capitalization of $75.66 billion, a PE ratio of 18.14, a PEG ratio of 1.17 and a beta of 1.66.

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Apollo Global Management Cuts Dividend

The firm 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. This represents a $1.85 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is 25.31%.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was 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 of the company's stock, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 8.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APO. The Goldman Sachs Group lifted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a research report on Tuesday, November 19th. BMO Capital Markets boosted their price target on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. TD Cowen boosted their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Wells Fargo & Company lowered their price target on Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods lowered their price target on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $165.74.

Apollo Global Management Company 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.