Apollo Global Management, Inc. (NYSE:APO) Shares Sold by First National Bank Sioux Falls

First National Bank Sioux Falls decreased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 2.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 28,127 shares of the financial services provider’s stock after selling 640 shares during the period. Apollo Global Management makes up approximately 2.0% of First National Bank Sioux Falls’ portfolio, making the stock its 14th biggest position. First National Bank Sioux Falls’ holdings in Apollo Global Management were worth $4,645,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Compagnie Lombard Odier SCmA bought a new position in Apollo Global Management in the 3rd quarter worth about $35,000. Prospera Private Wealth LLC bought a new position in Apollo Global Management in the 3rd quarter worth about $80,000. Truvestments Capital LLC bought a new position in Apollo Global Management in the 3rd quarter worth about $83,000. Versant Capital Management Inc boosted its holdings in shares of Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 336 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Activity

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 35,104,773 shares in the company, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Stock Down 0.8 %

APO stock traded down $1.22 during midday trading on Monday, reaching $154.17. The company had a trading volume of 2,498,940 shares, compared to its average volume of 3,295,169. Apollo Global Management, Inc. has a 1 year low of $94.19 and a 1 year high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $87.23 billion, a P/E ratio of 16.11, a PEG ratio of 1.84 and a beta of 1.63. The company has a 50 day moving average of $168.43 and a two-hundred day moving average of $138.43.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.20%. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Analyst Upgrades and Downgrades

APO has been the subject of several recent analyst reports. TD Cowen increased their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Barclays increased their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. The Goldman Sachs Group increased their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Piper Sandler increased their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

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.