Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 69.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,048 shares of the financial services provider's stock after selling 6,969 shares during the quarter. Wedbush Securities Inc.'s holdings in Apollo Global Management were worth $503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC acquired a new stake in Apollo Global Management in the fourth quarter worth about $3,994,000. Fortress Financial Solutions LLC purchased a new position in Apollo Global Management in the 4th quarter valued at $685,000. Leavell Investment Management Inc. increased its holdings in shares of Apollo Global Management by 39.8% in the fourth quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider's stock valued at $1,016,000 after purchasing an additional 1,750 shares during the last quarter. Amundi raised its stake in Apollo Global Management by 13.2% during the fourth quarter. Amundi now owns 801,260 shares of the financial services provider's stock worth $129,788,000 after purchasing an additional 93,451 shares during the period. Finally, State of Michigan Retirement System acquired a new stake in shares of Apollo Global Management during the 4th quarter worth about $20,034,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on APO shares. BMO Capital Markets upped their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Wells Fargo & Company decreased their price objective on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Barclays reduced their price objective on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Piper Sandler decreased their price objective on shares of Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods cut their price target on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $157.95.

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Insider Activity

In related news, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction that occurred 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the sale, the insider now directly owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company's stock.

Apollo Global Management Trading Up 0.8 %

Shares of APO stock traded up $1.01 on Monday, reaching $126.93. 757,268 shares of the stock were exchanged, compared to its average volume of 4,219,022. 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 $72.41 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The firm has a 50 day moving average of $141.67 and a two-hundred day moving average of $153.65. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.46%. Apollo Global Management's dividend payout ratio (DPR) is 25.31%.

Apollo Global Management Company 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.