International Assets Investment Management LLC Cuts Position in Apollo Global Management, Inc. (NYSE:APO)

International Assets Investment Management LLC trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 99.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,718 shares of the financial services provider’s stock after selling 367,515 shares during the period. International Assets Investment Management LLC’s holdings in Apollo Global Management were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in APO. Diversified Trust Co bought a new position in Apollo Global Management in the 4th quarter valued at approximately $261,000. GAMMA Investing LLC raised its stake in shares of Apollo Global Management by 10.4% in the fourth quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 260 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 336 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Apollo Global Management during the third quarter valued at $503,000. Finally, Sfmg LLC increased its holdings in Apollo Global Management by 1.1% in the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock worth $902,000 after buying an additional 79 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Evercore ISI increased their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Barclays increased their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. UBS Group raised Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft increased their target price on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $164.63.

Apollo Global Management Trading Down 4.1 %

Shares of APO opened at $155.35 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $87.90 billion, a price-to-earnings ratio of 16.23, 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 200 day moving average of $138.29. Apollo Global Management, Inc. has a 1-year low of $94.19 and a 1-year high of $189.49.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a $0.463 dividend. This is a positive change 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 dividend yield of 1.19%. Apollo Global Management’s payout ratio is presently 19.33%.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were 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 owns 320,564 shares in the company, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This represents a 0.37 % 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 quarter. 8.50% of the stock is owned by corporate 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.