Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC lowered its stake in Apollo Global Management, Inc. (NYSE:APO) by 0.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 69,746 shares of the financial services provider’s stock after selling 530 shares during the quarter. Apollo Global Management comprises about 2.3% of Jackson Hole Capital Partners LLC’s holdings, making the stock its 7th largest position. Jackson Hole Capital Partners LLC’s holdings in Apollo Global Management were worth $11,519,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of APO. OFI Invest Asset Management purchased a new position in Apollo Global Management in the fourth quarter valued at about $1,879,000. Coordinated Financial Services Inc. purchased a new position in Apollo Global Management in the fourth quarter valued at about $473,000. Amundi boosted 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 valued at $129,788,000 after purchasing an additional 93,451 shares during the last quarter. Permanent Capital Management LP purchased a new position in Apollo Global Management in the fourth quarter valued at about $231,000. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in Apollo Global Management by 6.8% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,554 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Down 1.6 %

Shares of APO stock opened at $132.63 on Friday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The stock has a market cap of $75.66 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The business’s fifty day moving average is $159.88 and its 200-day moving average is $150.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company reduced their target price on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. TD Cowen increased their target price on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods reduced their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Morgan Stanley increased their target price on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Finally, Piper Sandler increased their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.74.

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on 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 approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.50% of the stock is owned by 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.