Venator Management LLC Sells 790 Shares of Apollo Global Management, Inc. (NYSE:APO)

Venator Management LLC lessened its stake in Apollo Global Management, Inc. (NYSE:APO) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,075 shares of the financial services provider’s stock after selling 790 shares during the period. Apollo Global Management comprises about 0.4% of Venator Management LLC’s holdings, making the stock its 18th largest holding. Venator Management LLC’s holdings in Apollo Global Management were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new stake in Apollo Global Management in the fourth quarter worth about $3,994,000. Fortress Financial Solutions LLC purchased a new position in shares of Apollo Global Management in the 4th quarter valued at approximately $685,000. Leavell Investment Management Inc. boosted its position in shares of Apollo Global Management by 39.8% during the fourth quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider’s stock valued at $1,016,000 after purchasing an additional 1,750 shares in the last quarter. State of Michigan Retirement System purchased a new stake in Apollo Global Management in the fourth quarter worth $20,034,000. Finally, Amundi raised its holdings in Apollo Global Management by 13.2% in the fourth quarter. Amundi now owns 801,260 shares of the financial services provider’s stock worth $129,788,000 after purchasing an additional 93,451 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on APO shares. Morgan Stanley upped their target price on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Barclays upped 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. Piper Sandler lifted their target price 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. Wells Fargo & Company cut their price target on Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. One 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.21.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares of the company’s stock, valued at approximately $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

Apollo Global Management Trading Down 3.6 %

Shares of APO opened at $136.89 on Monday. 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 $78.09 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The firm’s fifty day moving average is $152.47 and its two-hundred day moving average is $153.59. 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

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.