Apollo Global Management, Inc. (NYSE:APO) Shares Sold by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC cut its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 11.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,658 shares of the financial services provider’s stock after selling 345 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Apollo Global Management were worth $420,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of APO. Benjamin Edwards Inc. boosted its position in shares of Apollo Global Management by 372.4% in the third quarter. Benjamin Edwards Inc. now owns 20,196 shares of the financial services provider’s stock worth $2,523,000 after buying an additional 15,921 shares during the period. Hilltop Holdings Inc. boosted its position in Apollo Global Management by 132.6% during the third quarter. Hilltop Holdings Inc. now owns 8,256 shares of the financial services provider’s stock worth $1,031,000 after purchasing an additional 4,707 shares during the period. HighTower Advisors LLC grew its stake in Apollo Global Management by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 451,980 shares of the financial services provider’s stock valued at $56,381,000 after buying an additional 2,121 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Apollo Global Management by 0.4% in the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider’s stock worth $167,298,000 after purchasing an additional 4,892 shares during the period. Finally, Investment Management Corp of Ontario boosted its position in shares of Apollo Global Management by 49.9% in the third quarter. Investment Management Corp of Ontario now owns 13,222 shares of the financial services provider’s stock valued at $1,652,000 after acquiring an additional 4,400 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on APO. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods decreased 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. Morgan Stanley upped their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Barclays raised their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Piper Sandler dropped their target price on shares of Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.74.

Apollo Global Management Price Performance

Shares of APO opened at $141.68 on Thursday. The company has a market cap of $80.83 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.17 and a beta of 1.66. 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 company’s fifty day simple moving average is $150.71 and its 200 day simple moving average is $153.85. 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 announced 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 of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.31%. Apollo Global Management’s payout ratio 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.