Hantz Financial Services Inc. Reduces Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Hantz Financial Services Inc. cut its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 41.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,724 shares of the financial services provider's stock after selling 42,022 shares during the period. Hantz Financial Services Inc.'s holdings in Apollo Global Management were worth $9,864,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC boosted its stake in shares of Apollo Global Management by 4.7% in the third quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider's stock valued at $713,230,000 after purchasing an additional 254,268 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Apollo Global Management by 27.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock worth $225,600,000 after acquiring an additional 383,557 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Apollo Global Management by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider's stock worth $167,298,000 after acquiring an additional 4,892 shares during the period. Swiss National Bank raised its stake in shares of Apollo Global Management by 0.4% in the third quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider's stock valued at $147,670,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Fort Pitt Capital Group LLC boosted its holdings in Apollo Global Management by 10.5% in the third quarter. Fort Pitt Capital Group LLC now owns 1,100,686 shares of the financial services provider's stock valued at $137,487,000 after purchasing an additional 104,668 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on APO. Evercore ISI increased their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. StockNews.com downgraded shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. The Goldman Sachs Group lifted their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company dropped their target price on Apollo Global Management from $197.00 to $191.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $164.32.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now owns 320,564 shares of the company's stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now owns 35,104,773 shares in the company, valued at $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 196,600 shares of company stock worth $34,186,128 in the last three months. Insiders own 8.50% of the company's stock.

Apollo Global Management Stock Performance

APO traded down $0.63 on Thursday, hitting $170.47. 609,522 shares of the company traded hands, compared to its average volume of 3,287,317. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a 50 day moving average of $169.91 and a 200-day moving average of $142.64. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $96.46 billion, a PE ratio of 17.81, a PEG ratio of 1.36 and a beta of 1.63.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.09%. Apollo Global Management's dividend payout ratio (DPR) is currently 19.33%.

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.