Baker Tilly Wealth Management LLC Has $923,000 Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Baker Tilly Wealth Management LLC trimmed its position in Apollo Global Management, Inc. (NYSE:APO) by 30.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,588 shares of the financial services provider’s stock after selling 2,425 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Apollo Global Management were worth $923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Apollo Global Management by 4.7% in the third quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock valued at $713,230,000 after purchasing an additional 254,268 shares in the last quarter. Legal & General Group Plc raised its holdings in Apollo Global Management by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock worth $517,527,000 after buying an additional 126,859 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apollo Global Management by 27.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock valued at $225,600,000 after buying an additional 383,557 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Apollo Global Management by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider’s stock worth $167,298,000 after acquiring an additional 4,892 shares during the period. Finally, 1832 Asset Management L.P. increased its holdings in Apollo Global Management by 2.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock worth $152,845,000 after purchasing an additional 37,070 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 196,600 shares of company stock worth $34,186,128. Insiders own 8.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Wolfe Research began coverage on Apollo Global Management in a report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target for the company. Barclays upped their target price on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $164.63.

Apollo Global Management Trading Down 3.4 %

Shares of Apollo Global Management stock traded down $5.55 during midday trading on Friday, reaching $156.43. The company had a trading volume of 750,374 shares, compared to its average volume of 2,795,887. The firm has a market cap of $88.51 billion, a PE ratio of 16.35, a P/E/G ratio of 1.84 and a beta of 1.63. The stock has a fifty day moving average price of $168.14 and a 200 day moving average price of $137.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a fifty-two week low of $94.19 and a fifty-two week high of $189.49.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Monday, November 18th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

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.