Blue Trust Inc. Sells 2,260 Shares of Apollo Global Management, Inc. (NYSE:APO)

Blue Trust Inc. reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 70.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 948 shares of the financial services provider's stock after selling 2,260 shares during the quarter. Blue Trust Inc.'s holdings in Apollo Global Management were worth $157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Menard Financial Group LLC increased its stake in Apollo Global Management by 1.2% during the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock valued at $720,000 after purchasing an additional 71 shares in the last quarter. Sfmg LLC increased its stake 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 valued at $902,000 after purchasing an additional 79 shares in the last quarter. Cigna Investments Inc. New increased its stake in Apollo Global Management by 1.8% during the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock valued at $645,000 after purchasing an additional 90 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Apollo Global Management by 14.3% during the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider's stock valued at $91,000 after acquiring an additional 91 shares during the last quarter. Finally, Westmount Partners LLC boosted its holdings 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 valued at $841,000 after acquiring an additional 91 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. The Goldman Sachs Group raised their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Morgan Stanley raised their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. 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 report on Wednesday, February 5th. Finally, BMO Capital Markets raised their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Apollo Global Management presently has an average rating of "Moderate Buy" and an average target price of $165.74.

Apollo Global Management Price Performance

NYSE:APO traded down $6.34 during trading hours on Friday, hitting $150.45. 3,731,483 shares of the stock traded hands, compared to its average volume of 3,279,721. The company has a quick ratio of 1.44, a current 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 company has a market cap of $85.13 billion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.24 and a beta of 1.63. The stock has a 50 day moving average price of $166.42 and a 200 day moving average price of $147.17.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management's dividend payout ratio is currently 25.31%.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the sale, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred 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 sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 201,600 shares of company stock valued at $34,977,528 over the last 90 days. 8.50% of the stock is currently owned by corporate insiders.

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.