Vanguard Personalized Indexing Management LLC Trims Holdings in Apollo Global Management, Inc. (NYSE:APO)

Vanguard Personalized Indexing Management LLC cut its stake in shares of Apollo Global Management, Inc. (NYSE:APOFree Report) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,768 shares of the financial services provider’s stock after selling 365 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Apollo Global Management were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of APO. US Bancorp DE boosted its holdings in Apollo Global Management by 174.5% during the 1st quarter. US Bancorp DE now owns 6,275 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 3,989 shares during the period. MetLife Investment Management LLC purchased a new stake in Apollo Global Management during the 1st quarter valued at about $1,112,000. Panagora Asset Management Inc. purchased a new stake in Apollo Global Management during the 1st quarter valued at about $202,000. APG Asset Management N.V. purchased a new stake in Apollo Global Management in the 1st quarter worth approximately $457,000. Finally, Yousif Capital Management LLC purchased a new stake in Apollo Global Management in the 1st quarter worth approximately $511,000. 60.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays dropped their price objective on Apollo Global Management from $109.00 to $106.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. TD Cowen assumed coverage on Apollo Global Management in a report on Thursday, January 4th. They issued an “outperform” rating and a $115.00 price objective for the company. Morgan Stanley increased their price objective on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Wells Fargo & Company increased their price objective on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday. Finally, BMO Capital Markets dropped their price objective on Apollo Global Management from $103.00 to $98.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.75.

Get Our Latest Stock Report on APO

Insider Activity at Apollo Global Management

In related news, insider James C. Zelter sold 70,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $90.85, for a total transaction of $6,359,500.00. Following the completion of the transaction, the insider now owns 1,130,000 shares of the company’s stock, valued at approximately $102,660,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Apollo Global Management news, insider James C. Zelter sold 87,500 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $86.16, for a total transaction of $7,539,000.00. Following the sale, the insider now directly owns 5,094,585 shares in the company, valued at approximately $438,949,443.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James C. Zelter sold 70,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $90.85, for a total value of $6,359,500.00. Following the sale, the insider now owns 1,130,000 shares in the company, valued at $102,660,500. The disclosure for this sale can be found here. 8.70% of the stock is owned by corporate insiders.

Apollo Global Management Stock Up 2.3 %

Shares of NYSE:APO opened at $109.92 on Friday. Apollo Global Management, Inc. has a 52-week low of $55.16 and a 52-week high of $110.23. The firm has a market capitalization of $62.39 billion, a P/E ratio of 23.24, a P/E/G ratio of 0.75 and a beta of 1.63. The stock has a 50 day moving average price of $96.10 and a 200-day moving average price of $89.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.19.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 29th. Investors of record on Tuesday, February 20th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, February 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 36.36%.

Apollo Global Management Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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