Los Angeles Capital Management LLC Sells 12,859 Shares of Apollo Global Management, Inc. (NYSE:APO)

Los Angeles Capital Management LLC decreased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 34.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,492 shares of the financial services provider’s stock after selling 12,859 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Apollo Global Management were worth $4,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in APO. Amalgamated Bank increased its holdings in Apollo Global Management by 189.7% during the fourth quarter. Amalgamated Bank now owns 95,524 shares of the financial services provider’s stock worth $15,777,000 after buying an additional 62,551 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Apollo Global Management by 42.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock valued at $436,148,000 after acquiring an additional 782,700 shares during the period. Sentry Investment Management LLC bought a new position in shares of Apollo Global Management in the 4th quarter valued at about $305,000. Union Bancaire Privee UBP SA acquired a new position in shares of Apollo Global Management during the 4th quarter worth about $216,000. Finally, MONECO Advisors LLC raised its holdings in shares of Apollo Global Management by 7.5% in the 4th quarter. MONECO Advisors LLC now owns 1,975 shares of the financial services provider’s stock valued at $326,000 after purchasing an additional 137 shares during the period. Institutional investors own 77.06% of the company’s stock.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now directly owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,600 shares of company stock worth $34,977,528 over the last three months. Insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $147.29 on Friday. The business has a fifty day moving average price of $163.83 and a two-hundred day moving average price of $148.73. The stock has a market capitalization of $83.34 billion, a PE ratio of 20.15, a P/E/G ratio of 1.17 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.26%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Morgan Stanley lifted their target price on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. TD Cowen increased their price target on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Evercore ISI lifted their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Citigroup upped their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

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.