Martin Kelly Sells 5,000 Shares of Apollo Global Management, Inc. (NYSE:APO) Stock

Apollo Global Management, Inc. (NYSE:APO) CFO Martin Kelly sold 5,000 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Martin Kelly also recently made the following trade(s):

• On Tuesday, December 3rd, Martin Kelly sold 5,000 shares of Apollo Global Management stock. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $162.95 on Friday. The company has a market capitalization of $92.20 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.28 and a beta of 1.63. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The firm’s 50-day moving average is $167.64 and its 200 day moving average is $146.12. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.14%. Apollo Global Management’s payout ratio is 25.31%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on APO. TD Cowen upped their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. The Goldman Sachs Group boosted their price target 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. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $165.74.

Hedge Funds Weigh In On Apollo Global Management

Several hedge funds have recently added to or reduced their stakes in the company. Chicago Capital LLC grew its holdings in Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 69 shares during the last quarter. Menard Financial Group LLC grew its holdings in Apollo Global Management by 1.2% during the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 71 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Apollo Global Management by 2.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 71 shares during the last quarter. Tower Wealth Partners Inc. grew its holdings in Apollo Global Management by 4.4% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 74 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC grew its holdings in Apollo Global Management by 3.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 77 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

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.