Wealthcare Advisory Partners LLC Sells 3,521 Shares of Apollo Global Management, Inc. (NYSE:APO)

Wealthcare Advisory Partners LLC lowered its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,970 shares of the financial services provider's stock after selling 3,521 shares during the period. Wealthcare Advisory Partners LLC's holdings in Apollo Global Management were worth $6,767,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in Apollo Global Management by 3.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 423,836 shares of the financial services provider's stock valued at $50,042,000 after acquiring an additional 13,935 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Apollo Global Management in the second quarter worth about $62,972,000. Dimensional Fund Advisors LP raised its position in shares of Apollo Global Management by 9.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,100,820 shares of the financial services provider's stock valued at $129,973,000 after purchasing an additional 91,506 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Apollo Global Management by 6.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 16,820 shares of the financial services provider's stock valued at $1,986,000 after buying an additional 1,071 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Apollo Global Management by 29.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,106 shares of the financial services provider's stock worth $2,363,000 after buying an additional 4,593 shares during the period. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded up $0.89 during trading on Friday, hitting $166.81. 3,580,328 shares of the stock traded hands, compared to its average volume of 7,727,088. The firm's fifty day moving average is $169.18 and its 200-day moving average is $139.69. The stock has a market cap of $94.38 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.20 and a beta of 1.63. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week 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 firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.463 per share. The ex-dividend date was Monday, November 18th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.11%. Apollo Global Management's dividend payout ratio (DPR) is 19.33%.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of the 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 completion of the sale, the insider now directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. This represents a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value 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 $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APO. Wolfe Research initiated coverage on shares of Apollo Global Management in a report on Wednesday, September 25th. They set an "outperform" rating and a $139.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an "overweight" rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their target price on Apollo Global Management from $168.00 to $196.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Citigroup upped their price target on Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, TD Cowen increased their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of "Moderate Buy" and an average target price of $164.32.

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.