Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Long Focus Capital Management LLC

Long Focus Capital Management LLC lowered its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 75.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,750 shares of the financial services provider's stock after selling 43,250 shares during the quarter. Long Focus Capital Management LLC's holdings in Apollo Global Management were worth $2,271,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Vanguard Group Inc. boosted its stake in shares of Apollo Global Management by 8.9% in 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 acquiring an additional 3,691,700 shares during the last quarter. Geode Capital Management LLC boosted its stake in Apollo Global Management by 64.6% during the 4th quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock worth $1,550,316,000 after purchasing an additional 3,695,979 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Apollo Global Management by 36.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock worth $1,065,615,000 after buying an additional 1,739,807 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position 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 buying an additional 1,094,464 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake 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 worth $438,196,000 after buying an additional 1,886,146 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Up 1.5 %

NYSE:APO traded up $1.96 during trading hours on Monday, reaching $135.36. 950,533 shares of the stock were exchanged, compared to its average volume of 3,821,237. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The business has a 50-day moving average of $134.70 and a two-hundred day moving average of $153.23. The company has a market capitalization of $77.22 billion, a price-to-earnings ratio of 18.48, a PEG 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.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management's dividend payout ratio (DPR) is 25.31%.

Insiders Place Their Bets

In related news, insider Lb 2018 Gst Trust bought 607,725 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the purchase, the insider now directly owns 621,754 shares of the company's stock, valued at $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 500,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the sale, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. The trade was a 1.42 % 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.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup cut their price objective on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price target on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Piper Sandler lowered their price objective on Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company dropped their target price on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley reduced their price target on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $156.00.

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.