Wellington Management Group LLP Has $677,000 Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Wellington Management Group LLP lowered its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 97.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,423 shares of the financial services provider's stock after selling 211,631 shares during the quarter. Wellington Management Group LLP's holdings in Apollo Global Management were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of APO. Legal & General Group Plc raised its position in Apollo Global Management by 3.0% during the second quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider's stock valued at $517,527,000 after buying an additional 126,859 shares during the period. TD Asset Management Inc lifted its position in shares of Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider's stock worth $318,522,000 after purchasing an additional 97,797 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apollo Global Management by 27.0% during 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 purchasing an additional 383,557 shares during the period. Janus Henderson Group PLC grew its position in 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 valued at $167,298,000 after purchasing an additional 4,892 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its position in Apollo Global Management by 2.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider's stock worth $152,845,000 after buying an additional 37,070 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This represents a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction 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 approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 over the last quarter. 8.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

APO has been the topic of a number of research reports. Redburn Atlantic started coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target on the stock. Morgan Stanley upped their target price on Apollo Global Management from $111.00 to $137.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 10th. BMO Capital Markets boosted their price target on Apollo Global Management from $157.00 to $186.00 and gave the company an "outperform" rating in a research note on Thursday. Barclays raised their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. 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 report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $164.63.

Apollo Global Management Stock Performance

Shares of NYSE APO traded up $1.40 during trading hours on Friday, reaching $171.03. The stock had a trading volume of 91,226,359 shares, compared to its average volume of 3,269,086. The company has a market cap of $96.77 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a twelve month low of $89.76 and a twelve month high of $189.49. The business's fifty day moving average is $160.82 and its two-hundred day moving average is $132.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.08%. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management's dividend payout ratio (DPR) is presently 19.33%.

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.