Jackson Square Capital LLC Sells 538 Shares of Apollo Global Management, Inc. (NYSE:APO)

Jackson Square Capital LLC cut its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 24.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,700 shares of the financial services provider’s stock after selling 538 shares during the period. Jackson Square Capital LLC’s holdings in Apollo Global Management were worth $281,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of APO. Dimensional Fund Advisors LP increased its holdings in shares of Apollo Global Management by 9.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,100,820 shares of the financial services provider’s stock valued at $129,973,000 after acquiring an additional 91,506 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Apollo Global Management by 6.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 16,820 shares of the financial services provider’s stock valued at $1,986,000 after acquiring an additional 1,071 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Apollo Global Management by 29.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,106 shares of the financial services provider’s stock valued at $2,363,000 after acquiring an additional 4,593 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Apollo Global Management by 13.6% in the 2nd quarter. Hsbc Holdings PLC now owns 280,068 shares of the financial services provider’s stock worth $33,094,000 after buying an additional 33,484 shares in the last quarter. Finally, Ieq Capital LLC increased its holdings in Apollo Global Management by 3.9% in the 2nd quarter. Ieq Capital LLC now owns 30,891 shares of the financial services provider’s stock worth $3,647,000 after buying an additional 1,172 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Up 0.5 %

NYSE APO opened at $166.81 on Friday. The stock’s 50 day moving average is $169.18 and its 200 day moving average is $139.82. 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. The stock has a market cap of $94.38 billion, a PE ratio of 17.43, a P/E/G ratio of 1.20 and a beta of 1.63.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. The ex-dividend date was Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a yield of 1.11%. Apollo Global Management’s payout ratio is currently 19.33%.

Insider Buying and Selling

In related news, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the transaction, the insider now directly owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,600 shares of company stock valued at $34,186,128. Corporate insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods lifted their price objective on Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Wolfe Research initiated coverage on Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $164.32.

Apollo Global Management Company 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.