Jump Financial LLC Sells 8,987 Shares of Apollo Global Management, Inc. (NYSE:APO)

Jump Financial LLC trimmed its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 46.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,454 shares of the financial services provider’s stock after selling 8,987 shares during the quarter. Jump Financial LLC’s holdings in Apollo Global Management were worth $1,727,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC increased its stake in Apollo Global Management by 1.8% during the 3rd 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 in the last quarter. Sfmg LLC increased its position 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 worth $902,000 after acquiring an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Apollo Global Management during the third quarter worth $503,000. Versant Capital Management Inc lifted its position in Apollo Global Management by 203.6% in the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake 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 purchasing an additional 260 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods cut their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley decreased their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Citigroup cut their price objective on shares of 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 decreased their target price on shares of Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Finally, Raymond James began coverage on shares of Apollo Global Management in a research note on Thursday, April 10th. They set a “strong-buy” rating and a $173.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Insider Buying and Selling at Apollo Global Management

In related news, insider Lb 2018 Gst Trust purchased 607,725 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the purchase, the insider now owns 621,754 shares in the company, valued at approximately $69,257,178.06. This represents a 4,331.92 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares of the company’s stock, valued at approximately $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.

Apollo Global Management Stock Up 1.3 %

APO opened at $126.78 on Friday. The stock has a fifty day moving average of $138.04 and a 200-day moving average of $153.39. The company has a market capitalization of $72.33 billion, a P/E ratio of 17.34, a P/E/G 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 debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

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.