O ROURKE & COMPANY Inc Decreases Stake in Apollo Global Management, Inc. (NYSE:APO)

O ROURKE & COMPANY Inc decreased its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,353 shares of the financial services provider's stock after selling 2,388 shares during the quarter. Apollo Global Management makes up about 2.1% of O ROURKE & COMPANY Inc's investment portfolio, making the stock its 12th largest position. O ROURKE & COMPANY Inc's holdings in Apollo Global Management were worth $4,187,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Hopwood Financial Services Inc. bought a new position in Apollo Global Management in the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management during the 4th quarter worth approximately $34,000. Byrne Asset Management LLC bought a new stake in Apollo Global Management during the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management during the fourth quarter worth $39,000. Finally, HM Payson & Co. bought a new position in Apollo Global Management during the fourth quarter worth about $45,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Apollo Global Management news, insider Lb 2018 Gst Trust purchased 607,725 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the transaction, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at $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 currently owned by company insiders.

Analyst Ratings Changes

APO has been the subject of several research reports. Wells Fargo & Company dropped their price target on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays decreased their price target on Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. TD Cowen reduced their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Piper Sandler cut their target price on Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets boosted their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and an average price target of $156.00.

Apollo Global Management Trading Up 1.3 %

Apollo Global Management stock traded up $1.57 during trading hours on Friday, reaching $126.78. 2,638,630 shares of the company's stock were exchanged, compared to its average volume of 3,784,018. The firm has a market capitalization of $72.33 billion, a PE ratio of 17.34, a PEG 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. The firm's 50 day simple moving average is $138.66 and its 200 day simple moving average is $153.29. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's 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.