Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC lessened its stake in Apollo Global Management, Inc. (NYSE:APO) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,039 shares of the financial services provider’s stock after selling 98 shares during the period. Great Lakes Advisors LLC’s holdings in Apollo Global Management were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Apollo Global Management in the fourth quarter valued at approximately $34,000. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $37,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management during the fourth quarter worth approximately $39,000. Finally, HM Payson & Co. purchased a new position in shares of Apollo Global Management during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated 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 directly owns 377,164 shares in the company, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

APO has been the subject of a number of recent research reports. Piper Sandler increased their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. TD Cowen increased their price objective on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company dropped their target price on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Price Performance

APO stock opened at $134.36 on Monday. The firm has a 50 day moving average of $156.36 and a 200-day moving average of $151.32. The company has a market cap of $76.65 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.17 and a beta of 1.66. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.38%. Apollo Global Management’s payout ratio is 25.31%.

About Apollo Global Management

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.