Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC trimmed its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 13.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,742 shares of the financial services provider’s stock after selling 408 shares during the period. Kingsview Wealth Management LLC’s holdings in Apollo Global Management were worth $256,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Strategic Blueprint LLC boosted its stake in Apollo Global Management by 42.4% during the 4th quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider’s stock valued at $4,341,000 after acquiring an additional 13,870 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Apollo Global Management by 287.5% during the 4th quarter. Principal Financial Group Inc. now owns 307,786 shares of the financial services provider’s stock valued at $28,683,000 after acquiring an additional 228,367 shares during the last quarter. Nordea Investment Management AB boosted its stake in Apollo Global Management by 129.8% during the 4th quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock valued at $61,497,000 after acquiring an additional 371,721 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Apollo Global Management by 32.7% during the 4th quarter. Victory Capital Management Inc. now owns 355,707 shares of the financial services provider’s stock valued at $33,148,000 after acquiring an additional 87,688 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Apollo Global Management by 39.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 185,206 shares of the financial services provider’s stock valued at $17,259,000 after acquiring an additional 52,063 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Down 0.8 %

Apollo Global Management stock opened at $113.83 on Thursday. The stock has a market cap of $64.67 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.93 and a beta of 1.61. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $111.73 and its two-hundred day moving average price is $102.80. Apollo Global Management, Inc. has a 52 week low of $62.63 and a 52 week high of $117.15.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Thursday, May 16th. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on APO shares. Wells Fargo & Company increased their price objective on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Evercore ISI raised their price target on shares of Apollo Global Management from $120.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Finally, Morgan Stanley raised their price target on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.62.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 300,000 shares of Apollo Global Management stock in a transaction that occurred on Saturday, February 24th. The shares were sold at an average price of $111.51, for a total value of $33,453,000.00. Following the transaction, the insider now directly owns 43,054,773 shares of the company’s stock, valued at $4,801,037,737.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Leon D. Black sold 300,000 shares of Apollo Global Management stock in a transaction that occurred on Saturday, February 24th. The shares were sold at an average price of $111.51, for a total value of $33,453,000.00. Following the transaction, the insider now directly owns 43,054,773 shares of the company’s stock, valued at $4,801,037,737.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 30,000 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the completion of the transaction, the chief financial officer now directly owns 359,445 shares in the company, valued at $40,002,634.05. The disclosure for this sale can be found here. Insiders have sold a total of 780,000 shares of company stock valued at $86,611,200 over the last ninety days. Corporate insiders own 8.50% of the company’s stock.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.