Catalyst Capital Advisors LLC Sells 5,629 Shares of Apollo Global Management, Inc. (NYSE:APO)

Catalyst Capital Advisors LLC lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,233 shares of the financial services provider's stock after selling 5,629 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Apollo Global Management were worth $6,645,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Partners Group Holding AG boosted its position in shares of Apollo Global Management by 26.5% during the 3rd quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider's stock valued at $96,896,000 after acquiring an additional 162,678 shares during the last quarter. Kestra Private Wealth Services LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $3,994,000. Swedbank AB boosted its position in shares of Apollo Global Management by 50.9% during the 3rd quarter. Swedbank AB now owns 77,938 shares of the financial services provider's stock valued at $9,735,000 after acquiring an additional 26,300 shares during the last quarter. Fortress Financial Solutions LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $685,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $648,000. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Down 1.2 %

Shares of APO traded down $1.90 during mid-day trading on Wednesday, hitting $160.16. 1,433,708 shares of the company's stock traded hands, compared to its average volume of 3,205,676. 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 firm has a market capitalization of $90.62 billion, a P/E ratio of 21.98, a PEG ratio of 1.26 and a beta of 1.63. The business's 50-day moving average price is $167.19 and its 200-day moving average price is $147.01.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.4625 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.16%. Apollo Global Management's payout ratio is 25.31%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 58,200 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 201,600 shares of company stock valued at $34,977,528 over the last ninety days. Company insiders own 8.50% of the company's stock.

Analysts Set New Price Targets

APO has been the subject of a number of recent research reports. Barclays boosted their target price on Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Evercore ISI boosted their target price on Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Citigroup boosted their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their target price 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.