Locust Wood Capital Advisers LLC Has $81.38 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Locust Wood Capital Advisers LLC lowered its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 37.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 492,749 shares of the financial services provider's stock after selling 290,263 shares during the period. Apollo Global Management accounts for 2.8% of Locust Wood Capital Advisers LLC's holdings, making the stock its 21st biggest position. Locust Wood Capital Advisers LLC owned 0.09% of Apollo Global Management worth $81,382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Hopwood Financial Services Inc. acquired a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management in the fourth quarter valued at approximately $34,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth $37,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter valued at about $39,000. Finally, HM Payson & Co. purchased a new stake in Apollo Global Management in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Transactions at Apollo Global Management

In other news, insider Lb 2018 Gst Trust bought 607,725 shares of the company's stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the transaction, the insider now directly owns 621,754 shares in the company, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were 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 directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APO. TD Cowen decreased their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley dropped their target price on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods reduced their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Barclays lowered their target price on Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, Citigroup dropped their price objective on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $156.00.

Apollo Global Management Stock Performance

NYSE APO traded up $3.20 during midday trading on Tuesday, hitting $128.72. The company had a trading volume of 1,385,085 shares, compared to its average volume of 3,768,612. The firm has a fifty day simple moving average of $140.87 and a two-hundred day simple moving average of $153.65. The stock has a market cap of $73.43 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is 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.