Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. lowered its stake in Apollo Global Management, Inc. (NYSE:APO) by 1.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,590 shares of the financial services provider’s stock after selling 185 shares during the quarter. Apollo Global Management comprises about 0.9% of Gunderson Capital Management Inc.’s holdings, making the stock its 28th largest position. Gunderson Capital Management Inc.’s holdings in Apollo Global Management were worth $1,914,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Private Advisor Group LLC raised its stake in shares of Apollo Global Management by 9.1% during the second quarter. Private Advisor Group LLC now owns 10,318 shares of the financial services provider’s stock valued at $1,218,000 after purchasing an additional 858 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Apollo Global Management by 0.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 87,952 shares of the financial services provider’s stock worth $10,407,000 after buying an additional 414 shares during the period. Dai ichi Life Insurance Company Ltd lifted its holdings in Apollo Global Management by 191.2% in the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 10,205 shares of the financial services provider’s stock worth $1,205,000 after buying an additional 6,701 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Apollo Global Management by 150.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,335 shares of the financial services provider’s stock worth $394,000 after buying an additional 2,005 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Apollo Global Management by 3.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 423,836 shares of the financial services provider’s stock valued at $50,042,000 after buying an additional 13,935 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

Shares of APO stock opened at $154.75 on Tuesday. The company has a market cap of $87.56 billion, a P/E ratio of 16.17, a PEG ratio of 1.84 and a beta of 1.63. The business has a 50 day moving average of $168.74 and a two-hundred day moving average of $138.69. Apollo Global Management, Inc. has a 52 week low of $94.19 and a 52 week high of $189.49. 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 Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on APO. Evercore ISI boosted their price target on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Wolfe Research started coverage on Apollo Global Management in a report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective on the stock. 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 note on Wednesday, November 6th. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.63.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the company’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 completion of the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock worth $34,186,128 in the last three months. 8.50% of the stock is owned by insiders.

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.