Apollo Global Management, Inc. (NYSE:APO) Position Cut by Bellwether Advisors LLC

Bellwether Advisors LLC cut its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 51.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,917 shares of the financial services provider's stock after selling 14,782 shares during the quarter. Bellwether Advisors LLC's holdings in Apollo Global Management were worth $2,299,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. World Investment Advisors LLC lifted its stake in shares of Apollo Global Management by 1.8% in the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider's stock worth $852,000 after acquiring an additional 119 shares during the period. Sfmg LLC raised its position in Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock worth $902,000 after acquiring an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Apollo Global Management in the third quarter valued at $503,000. Versant Capital Management Inc boosted its position in shares of Apollo Global Management by 203.6% during the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock worth $83,000 after purchasing an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Apollo Global Management by 10.4% during the 4th quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider's stock worth $457,000 after purchasing an additional 260 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 1.3 %

Shares of APO stock traded up $1.76 on Thursday, reaching $138.24. 3,562,834 shares of the stock were exchanged, compared to its average volume of 3,846,576. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The stock has a market cap of $78.86 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. 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 firm has a 50 day moving average of $133.57 and a two-hundred day moving average of $152.99.

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 paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is currently 25.31%.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the sale, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the firm's stock in a transaction on Thursday, February 13th. The shares were 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. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price 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. Citigroup decreased their target price on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays cut their price target on Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. UBS Group dropped their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Bank of America raised their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of "Moderate Buy" and a consensus target price of $156.25.

Apollo Global Management 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.