First Trust Advisors LP Has $23.82 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

First Trust Advisors LP decreased its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,211 shares of the financial services provider's stock after selling 125,718 shares during the period. First Trust Advisors LP's holdings in Apollo Global Management were worth $23,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. SRS Capital Advisors Inc. increased its holdings in shares of Apollo Global Management by 2.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock valued at $447,000 after purchasing an additional 71 shares in the last quarter. Tower Wealth Partners Inc. increased its holdings in shares of Apollo Global Management by 4.4% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 74 shares in the last quarter. Sfmg LLC increased its holdings in shares of Apollo Global Management by 1.1% in the third 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. Global Retirement Partners LLC increased its holdings in shares of Apollo Global Management by 0.9% in the fourth quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock valued at $1,639,000 after purchasing an additional 90 shares in the last quarter. Finally, Westmount Partners LLC increased its holdings in shares of Apollo Global Management by 1.8% in the fourth quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider's stock valued at $841,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Leon D. Black sold 500,000 shares of the firm's stock in a transaction that occurred on 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 approximately $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

APO has been the subject of a number of research reports. Raymond James assumed coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Barclays reduced their price objective 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. Bank of America raised their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Finally, Morgan Stanley reduced their price objective on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $156.00.

Apollo Global Management Trading Up 0.9 %

Shares of Apollo Global Management stock traded up $1.16 during trading hours on Tuesday, hitting $137.52. The company's stock had a trading volume of 2,754,533 shares, compared to its average volume of 3,824,482. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $78.45 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The stock has a 50 day moving average of $134.23 and a 200 day moving average of $153.21.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued 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 dividend yield of 1.35%. Apollo Global Management's payout ratio is presently 25.31%.

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.