Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Doliver Advisors LP

Doliver Advisors LP decreased its position in Apollo Global Management, Inc. (NYSE:APO) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,174 shares of the financial services provider’s stock after selling 1,498 shares during the period. Apollo Global Management makes up approximately 0.7% of Doliver Advisors LP’s holdings, making the stock its 20th biggest position. Doliver Advisors LP’s holdings in Apollo Global Management were worth $2,506,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Apollo Global Management by 10.4% in the 4th quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider’s stock worth $457,000 after buying an additional 260 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Apollo Global Management by 203.6% in the fourth 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. Wilmington Savings Fund Society FSB acquired a new position in shares of Apollo Global Management during the third quarter valued at $503,000. Sfmg LLC raised its stake in shares of Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after purchasing an additional 79 shares in the last quarter. Finally, World Investment Advisors LLC lifted its holdings in Apollo Global Management by 1.8% in the third quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 119 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock worth $34,186,128 over the last 90 days. Insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Evercore ISI lifted their price target on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. TD Cowen upped their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Citigroup boosted their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.63.

Apollo Global Management Stock Up 0.4 %

Shares of APO stock traded up $0.64 on Monday, hitting $169.70. The company’s stock had a trading volume of 1,658,074 shares, compared to its average volume of 2,396,708. The stock has a market capitalization of $96.02 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a fifty-two week low of $94.19 and a fifty-two week high of $189.49. The firm’s fifty day moving average price is $166.64 and its 200-day moving average price is $136.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s payout ratio is 19.33%.

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.