Legacy Capital Wealth Partners LLC Sells 11,003 Shares of Apollo Global Management, Inc. (NYSE:APO)

Legacy Capital Wealth Partners LLC decreased its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 27.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,916 shares of the financial services provider's stock after selling 11,003 shares during the period. Apollo Global Management makes up about 0.8% of Legacy Capital Wealth Partners LLC's investment portfolio, making the stock its 23rd largest holding. Legacy Capital Wealth Partners LLC's holdings in Apollo Global Management were worth $2,695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Perigon Wealth Management LLC grew its position in Apollo Global Management by 4.1% in the fourth quarter. Perigon Wealth Management LLC now owns 2,727 shares of the financial services provider's stock valued at $254,000 after purchasing an additional 107 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Apollo Global Management by 23.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 674 shares of the financial services provider's stock valued at $60,000 after purchasing an additional 128 shares in the last quarter. Golden State Equity Partners grew its position in Apollo Global Management by 5.0% in the third quarter. Golden State Equity Partners now owns 3,308 shares of the financial services provider's stock valued at $297,000 after purchasing an additional 157 shares in the last quarter. CWM LLC lifted its stake in Apollo Global Management by 3.0% in the fourth quarter. CWM LLC now owns 5,727 shares of the financial services provider's stock valued at $534,000 after acquiring an additional 169 shares during the last quarter. Finally, Fulton Bank N.A. lifted its stake in Apollo Global Management by 3.9% in the fourth quarter. Fulton Bank N.A. now owns 4,583 shares of the financial services provider's stock valued at $427,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

NYSE APO traded up $0.34 during trading hours on Friday, reaching $112.22. 1,537,561 shares of the stock traded hands, compared to its average volume of 1,839,938. The stock has a 50 day simple moving average of $111.23 and a two-hundred day simple moving average of $99.36. Apollo Global Management, Inc. has a 1 year low of $57.50 and a 1 year high of $117.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market cap of $63.76 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The business had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. On average, analysts predict that Apollo Global Management, Inc. will post 7.43 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.53%. Apollo Global Management's dividend payout ratio is currently 20.45%.

Insider Transactions at Apollo Global Management

In other news, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the sale, the chief financial officer now directly owns 366,572 shares of the company's stock, valued at approximately $39,989,339.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the sale, the insider now directly owns 1,454,588 shares in the company, valued at $158,782,826.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Company insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on APO. Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. Citigroup increased their price target on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 13th. Wells Fargo & Company increased their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. BMO Capital Markets increased their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an "outperform" rating in a research note on Friday, April 5th. Finally, Barclays increased their price target on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an "overweight" rating in a research note on Monday, April 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $113.33.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.