Private Wealth Partners LLC Sells 140 Shares of Apollo Global Management, Inc. (NYSE:APO)

Private Wealth Partners LLC cut its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,250 shares of the financial services provider’s stock after selling 140 shares during the period. Private Wealth Partners LLC’s holdings in Apollo Global Management were worth $1,363,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of APO. Creative Planning boosted its holdings in shares of Apollo Global Management by 5.9% during the 3rd quarter. Creative Planning now owns 41,784 shares of the financial services provider’s stock valued at $5,219,000 after acquiring an additional 2,316 shares during the last quarter. Blue Trust Inc. lifted its position in Apollo Global Management by 230.7% during the third quarter. Blue Trust Inc. now owns 3,208 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 2,238 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Apollo Global Management by 751.5% in the third quarter. Sequoia Financial Advisors LLC now owns 28,978 shares of the financial services provider’s stock worth $3,620,000 after purchasing an additional 25,575 shares during the last quarter. Segment Wealth Management LLC grew its position in Apollo Global Management by 9.7% in the 3rd quarter. Segment Wealth Management LLC now owns 59,803 shares of the financial services provider’s stock worth $7,470,000 after purchasing an additional 5,275 shares during the period. Finally, Private Advisor Group LLC raised its stake in Apollo Global Management by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 10,741 shares of the financial services provider’s stock valued at $1,342,000 after buying an additional 423 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on APO shares. BMO Capital Markets raised their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Morgan Stanley boosted their price target on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. TD Cowen upped their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Barclays raised their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

Apollo Global Management Price Performance

NYSE:APO opened at $159.98 on Thursday. The business’s 50-day simple moving average is $166.81 and its two-hundred day simple moving average is $147.10. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The stock has a market cap of $90.52 billion, a PE ratio of 21.89, a P/E/G ratio of 1.26 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.16%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were 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 directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the completion of the sale, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 201,600 shares of company stock valued at $34,977,528. Corporate insiders own 8.50% of the company’s stock.

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.