Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Poplar Forest Capital LLC

Poplar Forest Capital LLC trimmed its position in Apollo Global Management, Inc. (NYSE:APO) by 11.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,460 shares of the financial services provider’s stock after selling 461 shares during the period. Poplar Forest Capital LLC’s holdings in Apollo Global Management were worth $571,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Williamson Legacy Group LLC grew its stake in Apollo Global Management by 25.0% in the fourth quarter. Williamson Legacy Group LLC now owns 10,646 shares of the financial services provider’s stock worth $1,758,000 after purchasing an additional 2,131 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Apollo Global Management by 9.8% during the fourth quarter. Fisher Asset Management LLC now owns 1,889 shares of the financial services provider’s stock valued at $312,000 after purchasing an additional 168 shares during the last quarter. WR Wealth Planners LLC raised its position in shares of Apollo Global Management by 25.3% during the 4th quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 92 shares during the period. Sage Investment Counsel LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $510,000. Finally, SVB Wealth LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $916,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated 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 $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were 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 $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,600 shares of company stock valued at $34,977,528 over the last 90 days. 8.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on APO shares. Deutsche Bank Aktiengesellschaft increased their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Evercore ISI increased their target price on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. 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 research report on Wednesday, February 5th. UBS Group raised Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Finally, StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $165.74.

Apollo Global Management Trading Up 1.2 %

Shares of APO stock opened at $149.21 on Friday. The stock has a 50-day simple moving average of $163.39 and a 200 day simple moving average of $149.05. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The stock has a market capitalization of $84.42 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.17 and a beta of 1.63. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.24%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Apollo Global Management 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.