Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,593 shares of the financial services provider's stock after selling 7,754 shares during the period. Sanctuary Advisors LLC's holdings in Apollo Global Management were worth $17,621,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in shares of Apollo Global Management by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider's stock valued at $713,230,000 after purchasing an additional 254,268 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Apollo Global Management by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock valued at $225,600,000 after purchasing an additional 383,557 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Apollo Global Management by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider's stock valued at $167,298,000 after purchasing an additional 4,892 shares during the last quarter. Swiss National Bank increased its position in shares of Apollo Global Management by 0.4% during the 3rd quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider's stock valued at $147,670,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Fort Pitt Capital Group LLC increased its position in shares of Apollo Global Management by 10.5% during the 3rd quarter. Fort Pitt Capital Group LLC now owns 1,100,686 shares of the financial services provider's stock valued at $137,487,000 after purchasing an additional 104,668 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the company's 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 directly owns 35,471,373 shares of the company's stock, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 201,600 shares of company stock valued at $34,977,528 in the last ninety days. Corporate insiders own 8.50% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group raised Apollo Global Management to a "hold" rating in a research report on Wednesday, November 13th. Evercore ISI boosted their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods cut their price objective on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. BMO Capital Markets upped their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Finally, StockNews.com downgraded Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. One 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 presently has a consensus rating of "Moderate Buy" and an average target price of $165.74.

Apollo Global Management Stock Down 4.0 %

Shares of NYSE APO traded down $6.34 during mid-day trading on Friday, reaching $150.45. 3,731,483 shares of the company were exchanged, compared to its average volume of 3,279,721. 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 stock has a market cap of $85.13 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 1.24 and a beta of 1.63. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The firm has a 50-day moving average of $165.90 and a 200 day moving average of $147.53.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is currently 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.