Apollo Global Management, Inc. (NYSE:APO) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its holdings in Apollo Global Management, Inc. (NYSE:APO) by 19.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,399,360 shares of the financial services provider’s stock after selling 334,048 shares during the quarter. William Blair Investment Management LLC’s holdings in Apollo Global Management were worth $231,118,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of APO. Aptus Capital Advisors LLC purchased a new stake in shares of Apollo Global Management in the third quarter valued at about $250,000. KBC Group NV grew its holdings in shares of Apollo Global Management by 15.4% in the third quarter. KBC Group NV now owns 63,047 shares of the financial services provider’s stock valued at $7,875,000 after purchasing an additional 8,416 shares during the period. Metis Global Partners LLC grew its holdings in shares of Apollo Global Management by 8.7% in the third quarter. Metis Global Partners LLC now owns 10,186 shares of the financial services provider’s stock valued at $1,272,000 after purchasing an additional 819 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Apollo Global Management by 4.9% in the third quarter. CIBC Asset Management Inc now owns 19,094 shares of the financial services provider’s stock valued at $2,385,000 after purchasing an additional 899 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Apollo Global Management by 145.3% in the third quarter. Empowered Funds LLC now owns 38,874 shares of the financial services provider’s stock valued at $4,856,000 after purchasing an additional 23,024 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 3.2 %

Shares of NYSE:APO opened at $134.36 on Monday. The firm’s 50 day moving average price is $156.36 and its 200 day moving average price is $151.32. The stock has a market cap of $76.65 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. 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 $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.38%. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on APO. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. The Goldman Sachs Group upped their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company lowered their target price on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley increased their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Finally, BMO Capital Markets increased their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $165.74.

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.