Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 17.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 267,964 shares of the financial services provider's stock after selling 56,741 shares during the period. Stifel Financial Corp's holdings in Apollo Global Management were worth $44,258,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC lifted its position in Apollo Global Management by 1.8% in the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider's stock valued at $852,000 after acquiring an additional 119 shares in the last quarter. Sfmg LLC lifted its position in Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock valued at $902,000 after purchasing an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Apollo Global Management during the 3rd quarter valued at $503,000. Versant Capital Management Inc grew its holdings in shares of Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock worth $83,000 after acquiring an additional 336 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Apollo Global Management by 10.4% in the fourth quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider's stock valued at $457,000 after acquiring an additional 260 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Up 2.2 %

Shares of Apollo Global Management stock traded up $2.96 on Monday, reaching $136.36. 2,249,717 shares of the company were exchanged, compared to its average volume of 3,828,262. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The stock's 50 day moving average price is $134.70 and its 200-day moving average price is $153.23. The company has a market cap of $77.79 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.36%. Apollo Global Management's dividend payout ratio is currently 25.31%.

Analyst Ratings Changes

A number of analysts have commented on APO shares. Morgan Stanley reduced their target price on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. TD Cowen cut their price target on 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. Keefe, Bruyette & Woods reduced their price target 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. Barclays cut their price target on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Finally, Bank of America increased their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $156.00.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares of the company's stock, valued at approximately $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.

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.