William Blair Investment Management LLC Has $231.12 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

William Blair Investment Management LLC cut its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,399,360 shares of the financial services provider's stock after selling 334,048 shares during the period. William Blair Investment Management LLC owned 0.25% of Apollo Global Management worth $231,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the stock. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth about $34,000. Byrne Asset Management LLC bought a new position in shares of Apollo Global Management during the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at approximately $39,000. Finally, HM Payson & Co. bought a new stake in Apollo Global Management in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on APO shares. Morgan Stanley raised their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Barclays lifted their price target on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. The Goldman Sachs Group boosted their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. TD Cowen raised their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, StockNews.com downgraded shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and a consensus target price of $165.74.

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Apollo Global Management Stock Performance

APO stock traded up $6.74 during trading hours on Wednesday, hitting $144.18. 2,753,403 shares of the stock were exchanged, compared to its average volume of 3,359,390. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $82.25 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a 50-day simple moving average of $155.26 and a two-hundred day simple moving average of $151.65.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is currently 25.31%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of the 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 sale, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.50% of the company's stock.

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.