Integrated Wealth Concepts LLC Has $316,000 Position in Apollo Global Management, Inc. (NYSE:APO)

Integrated Wealth Concepts LLC lessened its position in Apollo Global Management, Inc. (NYSE:APO) by 9.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,532 shares of the financial services provider’s stock after selling 269 shares during the period. Integrated Wealth Concepts LLC’s holdings in Apollo Global Management were worth $316,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Investment Management Corp of Ontario increased its holdings in shares of Apollo Global Management by 49.9% during the 3rd quarter. Investment Management Corp of Ontario now owns 13,222 shares of the financial services provider’s stock worth $1,652,000 after acquiring an additional 4,400 shares during the last quarter. Janus Henderson Group PLC boosted its position in 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 purchasing an additional 4,892 shares during the period. Harbor Advisors LLC increased its holdings in shares of Apollo Global Management by 33.5% in the third quarter. Harbor Advisors LLC now owns 15,947 shares of the financial services provider’s stock valued at $1,992,000 after purchasing an additional 3,999 shares during the last quarter. Heard Capital LLC raised its position in shares of Apollo Global Management by 16.0% in the third quarter. Heard Capital LLC now owns 753,523 shares of the financial services provider’s stock valued at $94,123,000 after purchasing an additional 103,938 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Apollo Global Management by 0.5% during the 3rd quarter. HighTower Advisors LLC now owns 451,980 shares of the financial services provider’s stock worth $56,381,000 after buying an additional 2,121 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on APO shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their price target on Apollo Global Management from $159.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Barclays increased their price objective on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday. Wolfe Research started coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. Finally, Citigroup raised their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $160.89.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following 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. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 over the last ninety days. 8.50% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

NYSE APO opened at $176.40 on Friday. The company has a market capitalization of $99.81 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a twelve month low of $89.76 and a twelve month high of $189.49. The stock has a fifty day simple moving average of $157.09 and a 200 day simple moving average of $130.47. 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. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

About Apollo Global Management

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.