Samalin Investment Counsel LLC Decreases Holdings in Apollo Global Management, Inc. (NYSE:APO)

Samalin Investment Counsel LLC lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 8.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,840 shares of the financial services provider’s stock after selling 723 shares during the period. Samalin Investment Counsel LLC’s holdings in Apollo Global Management were worth $1,295,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mosley Wealth Management bought a new position in Apollo Global Management during the fourth quarter worth about $754,000. KLP Kapitalforvaltning AS bought a new position in Apollo Global Management during the fourth quarter worth about $22,097,000. Umpqua Bank boosted its position in Apollo Global Management by 42.8% during the fourth quarter. Umpqua Bank now owns 2,427 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 728 shares during the period. Mizuho Securities USA LLC bought a new position in Apollo Global Management during the fourth quarter worth about $6,997,000. Finally, Virtu Financial LLC bought a new position in Apollo Global Management during the fourth quarter worth about $1,491,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 0.9 %

APO stock opened at $143.53 on Friday. The company has a market capitalization of $81.88 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company’s 50 day moving average price is $154.31 and its two-hundred day moving average price is $152.02. 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the transaction, the insider now directly owns 34,604,773 shares of the company’s stock, valued at approximately $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This trade represents a 1.31 % 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.

Wall Street Analyst Weigh In

APO has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating for the company in a research report on Thursday. Piper Sandler raised their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods cut their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Barclays raised their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, TD Cowen raised their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.21.

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.