Apollo Global Management, Inc. (NYSE:APO) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 99.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,718 shares of the financial services provider's stock after selling 367,515 shares during the quarter. International Assets Investment Management LLC's holdings in Apollo Global Management were worth $451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new stake in Apollo Global Management in the 2nd quarter valued at about $62,972,000. Marshall Wace LLP grew its position in shares of Apollo Global Management by 74.5% in the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider's stock valued at $112,836,000 after purchasing an additional 408,105 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $225,600,000 after purchasing an additional 383,557 shares during the last quarter. Holocene Advisors LP lifted its position in Apollo Global Management by 530.9% during the third quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider's stock worth $50,242,000 after buying an additional 338,472 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Apollo Global Management by 84.4% during the second quarter. Point72 Asset Management L.P. now owns 637,790 shares of the financial services provider's stock worth $75,304,000 after buying an additional 291,925 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Down 4.1 %

Shares of APO stock traded down $6.63 during trading on Friday, reaching $155.35. The company's stock had a trading volume of 4,502,708 shares, compared to its average volume of 3,442,384. Apollo Global Management, Inc. has a 1-year low of $94.19 and a 1-year high of $189.49. The stock's 50-day moving average price is $168.43 and its 200 day moving average price is $138.43. The company has a market capitalization of $87.90 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.84 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.19%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is currently 19.33%.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the insider now owns 35,104,773 shares of the company's stock, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock worth $34,186,128. Corporate insiders own 8.50% of the company's stock.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their price objective on shares of Apollo Global Management from $164.00 to $197.00 and gave the stock an "overweight" rating in a research report on Thursday, December 12th. Piper Sandler boosted their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. BMO Capital Markets increased their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an "overweight" rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $164.63.

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.