Rockefeller Capital Management L.P. Sells 32,824 Shares of Apollo Global Management, Inc. (NYSE:APO)

Rockefeller Capital Management L.P. trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,404 shares of the financial services provider's stock after selling 32,824 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Apollo Global Management were worth $45,315,000 at the end of the most recent quarter.

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

Apollo Global Management Stock Performance

APO traded up $1.57 during trading hours on Friday, hitting $126.78. The stock had a trading volume of 2,638,630 shares, compared to its average volume of 3,784,018. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company's fifty day simple moving average is $138.66 and its 200 day simple moving average is $153.29. The stock has a market cap of $72.33 billion, a PE ratio of 17.34, a price-to-earnings-growth 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 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 paid 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 was Tuesday, February 18th. Apollo Global Management's payout ratio is currently 25.31%.

Insider Buying and Selling

In related news, insider Lb 2018 Gst Trust acquired 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 acquisition, the insider now owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now directly owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

APO has been the topic of several research reports. Citigroup dropped their price objective on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Barclays decreased their price objective on Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Wells Fargo & Company decreased their price target on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. TD Cowen dropped their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Raymond James assumed coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $156.00.

Apollo Global Management 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.