Legacy Capital Wealth Partners LLC Has $631,000 Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Legacy Capital Wealth Partners LLC lowered its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 32.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,820 shares of the financial services provider's stock after selling 1,858 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Apollo Global Management were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of APO. Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 383,557 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Apollo Global Management by 12,086.7% in the 3rd quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider's stock worth $462,460,000 after purchasing an additional 367,195 shares during the last quarter. Holocene Advisors LP lifted its holdings in Apollo Global Management by 530.9% in the 3rd quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider's stock worth $50,242,000 after purchasing an additional 338,472 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Apollo Global Management during the fourth quarter worth approximately $50,601,000. Finally, Geode Capital Management LLC grew its holdings in Apollo Global Management by 4.7% during 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 last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 58,200 shares of the firm'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. This trade represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of the company'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 transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 201,600 shares of company stock valued at $34,977,528. 8.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group boosted 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 note on Tuesday, November 19th. StockNews.com cut shares of Apollo Global Management from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Wells Fargo & Company lowered their price target on Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price objective on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley raised their target price on Apollo Global Management from $169.00 to $170.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. One 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $165.74.

Apollo Global Management Price Performance

Shares of APO traded down $2.08 during mid-day trading on Wednesday, reaching $159.98. The company had a trading volume of 3,034,923 shares, compared to its average volume of 3,256,619. 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 $90.52 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.26 and a beta of 1.63. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company's 50-day moving average is $166.81 and its 200-day moving average is $147.10.

Apollo Global Management Cuts Dividend

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

About Apollo Global Management

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.