Stonegate Investment Group LLC Reduces Position in Apollo Global Management, Inc. (NYSE:APO)

Stonegate Investment Group LLC lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 30.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,187 shares of the financial services provider’s stock after selling 2,236 shares during the quarter. Stonegate Investment Group LLC’s holdings in Apollo Global Management were worth $857,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management during the 3rd quarter worth $35,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at $39,000. UMB Bank n.a. raised its holdings in shares of Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 228 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Apollo Global Management in the third quarter worth about $80,000. Finally, Truvestments Capital LLC bought a new position in Apollo Global Management during the 3rd quarter worth about $83,000. 77.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Piper Sandler upped 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 report on Wednesday, December 18th. Citigroup increased their target price on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Wells Fargo & Company dropped their price objective on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.32.

Apollo Global Management Trading Up 1.3 %

Shares of NYSE:APO opened at $169.46 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The stock has a market cap of $95.88 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.36 and a beta of 1.63. The business has a 50-day moving average price of $169.74 and a 200-day moving average price of $142.44.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a yield of 1.09%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s payout ratio is presently 19.33%.

Insider Activity

In other Apollo Global Management news, 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 of the company’s stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the sale, the insider now directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock valued at $34,186,128 in the last ninety days. Insiders own 8.50% of the company’s stock.

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.