Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Northern Right Capital Management L.P.

Northern Right Capital Management L.P. lowered its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,091 shares of the financial services provider's stock after selling 9,282 shares during the period. Apollo Global Management comprises 13.2% of Northern Right Capital Management L.P.'s portfolio, making the stock its largest holding. Northern Right Capital Management L.P.'s holdings in Apollo Global Management were worth $35,855,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Apollo Global Management by 8.9% during the fourth quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock worth $7,454,560,000 after buying an additional 3,691,700 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Apollo Global Management by 64.6% in the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock valued at $1,550,316,000 after purchasing an additional 3,695,979 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Apollo Global Management by 36.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock valued at $1,065,615,000 after purchasing an additional 1,739,807 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Apollo Global Management by 60.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider's stock valued at $479,057,000 after purchasing an additional 1,094,464 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Apollo Global Management by 245.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock valued at $438,196,000 after purchasing an additional 1,886,146 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on APO shares. Barclays lowered their price target on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Morgan Stanley lowered their target price on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods lowered their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. TD Cowen lowered their target price on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company decreased their price target on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Apollo Global Management has a consensus rating of "Moderate Buy" and an average target price of $156.25.

Apollo Global Management Stock Performance

NYSE:APO traded up $2.61 during mid-day trading on Thursday, hitting $139.09. The stock had a trading volume of 1,549,629 shares, compared to its average volume of 3,832,371. The company's 50 day simple moving average is $133.57 and its 200 day simple moving average is $152.99. The stock has a market cap of $79.35 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given 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 1.33%. Apollo Global Management's payout ratio is 25.31%.

Insider Activity

In other news, insider Lb 2018 Gst Trust purchased 607,725 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the acquisition, the insider now owns 621,754 shares in the company, valued at approximately $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value 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. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.