Procyon Advisors LLC Has $5.38 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Procyon Advisors LLC reduced its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,564 shares of the financial services provider's stock after selling 10,521 shares during the quarter. Procyon Advisors LLC's holdings in Apollo Global Management were worth $5,378,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of APO. Chicago Capital LLC lifted its stake in shares of Apollo Global Management by 1.2% in the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider's stock valued at $709,000 after purchasing an additional 69 shares during the period. Menard Financial Group LLC increased its holdings in Apollo Global Management by 1.2% in the third quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider's stock valued at $720,000 after buying an additional 71 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its position in shares of Apollo Global Management by 3.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 77 shares during the period. Sfmg LLC boosted its stake in shares of Apollo Global Management by 1.1% during the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock worth $902,000 after acquiring an additional 79 shares in the last quarter. Finally, Cigna Investments Inc. New grew its holdings in shares of Apollo Global Management by 1.8% in the 3rd quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider's stock worth $645,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analyst Weigh In

APO has been the subject of several research reports. Wells Fargo & Company cut their price target on Apollo Global Management from $197.00 to $191.00 and set an "overweight" rating for the company in a research note on Tuesday. BMO Capital Markets upped 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. StockNews.com lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their price objective on Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. Finally, Barclays increased their target price on Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $164.32.

Insider Buying and Selling

In other news, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the transaction, the insider now owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock worth $34,186,128 over the last three months. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Price Performance

NYSE:APO traded up $0.89 during trading hours on Friday, reaching $166.81. The company had a trading volume of 3,580,328 shares, compared to its average volume of 7,727,088. The firm has a market capitalization of $94.38 billion, a PE ratio of 17.43, a PEG ratio of 1.20 and a beta of 1.63. The stock has a 50-day moving average of $169.18 and a two-hundred day moving average of $139.69. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. 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 Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.11%. Apollo Global Management's dividend payout ratio (DPR) is currently 19.33%.

Apollo Global Management Company 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.