Apollo Global Management, Inc. (NYSE:APO) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 415,630 shares of the financial services provider's stock after selling 36,350 shares during the quarter. HighTower Advisors LLC owned approximately 0.07% of Apollo Global Management worth $68,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management in the 4th quarter valued at $34,000. Byrne Asset Management LLC acquired a new position in Apollo Global Management in the 4th quarter valued at about $37,000. Retirement Wealth Solutions LLC acquired a new position in Apollo Global Management in the 4th quarter valued at about $39,000. HM Payson & Co. acquired a new position in shares of Apollo Global Management during the 4th quarter valued at about $45,000. Finally, UMB Bank n.a. increased its stake in shares of Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 228 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Piper Sandler upped their price target on Apollo Global Management from $188.00 to $202.00 and gave the stock an "overweight" rating in a report on Wednesday, December 18th. TD Cowen raised their target price on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Morgan Stanley lifted their price objective on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. UBS Group upgraded shares of Apollo Global Management to a "hold" rating in a research report on Wednesday, November 13th. Finally, StockNews.com cut Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th. 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 stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $165.74.

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Apollo Global Management Price Performance

APO stock traded down $4.76 during midday trading on Thursday, reaching $130.16. 4,018,032 shares of the stock were exchanged, compared to its average volume of 3,728,011. 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 fifty day moving average price of $157.77 and a 200 day moving average price of $150.78. The stock has a market capitalization of $74.25 billion, a PE ratio of 17.81, a P/E/G ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is presently 25.31%.

Insider Buying and Selling 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 dated Thursday, February 13th. The stock was 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 $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 SEC, which is available at this hyperlink. 8.50% of the stock is 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.