Secured Retirement Advisors LLC cut its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,813 shares of the financial services provider's stock after selling 1,800 shares during the quarter. Secured Retirement Advisors LLC's holdings in Apollo Global Management were worth $1,621,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of APO. Geode Capital Management LLC increased its stake in 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 worth $713,230,000 after buying an additional 254,268 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Apollo Global Management by 27.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock worth $225,600,000 after acquiring an additional 383,557 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Apollo Global Management by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider's stock worth $167,298,000 after acquiring an additional 4,892 shares during the period. Swiss National Bank raised its stake in shares of Apollo Global Management by 0.4% in the third quarter. Swiss National Bank now owns 1,182,214 shares of the financial services provider's stock valued at $147,670,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Fort Pitt Capital Group LLC boosted its holdings in Apollo Global Management by 10.5% in the third 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 period. Institutional investors and hedge funds own 77.06% of the company's stock.
Apollo Global Management Stock Performance
APO stock traded down $2.08 on Wednesday, hitting $159.98. The company's stock had a trading volume of 3,034,923 shares, compared to its average volume of 3,256,619. The stock has a market cap of $90.52 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.63. The firm has a 50 day moving average of $166.81 and a two-hundred day moving average of $147.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49.
Apollo Global Management Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management's dividend payout ratio is presently 25.31%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. StockNews.com lowered Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. Barclays raised their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, December 9th. UBS Group upgraded shares of Apollo Global Management to a "hold" rating in a report on Wednesday, November 13th. BMO Capital Markets raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $165.74.
Read Our Latest Report on Apollo Global Management
Insider Buying and Selling at Apollo Global Management
In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the sale, the insider now owns 35,471,373 shares of the company's stock, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was 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 of the company's stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock valued at $34,977,528 in the last ninety days. Insiders own 8.50% of the company's stock.
About Apollo Global Management
(
Free Report)
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.
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