LGT Capital Partners LTD. Sells 96,000 Shares of Apollo Global Management, Inc. (NYSE:APO)

LGT Capital Partners LTD. decreased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 28.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 240,000 shares of the financial services provider's stock after selling 96,000 shares during the period. Apollo Global Management makes up 1.5% of LGT Capital Partners LTD.'s holdings, making the stock its 21st largest position. LGT Capital Partners LTD.'s holdings in Apollo Global Management were worth $39,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in APO. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management in the fourth quarter valued at about $34,000. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management during the 4th quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at about $39,000. HM Payson & Co. acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $45,000. Finally, UMB Bank n.a. boosted its stake in 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 worth $46,000 after acquiring an additional 228 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management 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 completion of the transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is currently owned by company insiders.

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Apollo Global Management Stock Up 3.6 %

APO stock traded up $4.67 during trading on Wednesday, reaching $135.09. 2,111,283 shares of the stock were exchanged, compared to its average volume of 3,627,588. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The firm's 50 day moving average is $158.38 and its 200 day moving average is $150.89. The firm has a market cap of $77.07 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.37%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's payout ratio is currently 25.31%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on APO. BMO Capital Markets boosted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $191.00 to $187.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Barclays boosted their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Keefe, Bruyette & Woods reduced their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, TD Cowen increased their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.74.

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.