Stablepoint Partners LLC Sells 300 Shares of Apollo Global Management, Inc. (NYSE:APO)

Stablepoint Partners LLC lessened its stake in Apollo Global Management, Inc. (NYSE:APO) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,298 shares of the financial services provider’s stock after selling 300 shares during the quarter. Stablepoint Partners LLC’s holdings in Apollo Global Management were worth $2,031,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management during the 4th quarter valued at $39,000. UMB Bank n.a. raised its holdings in shares of Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 228 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management during the third quarter valued at about $35,000. Versant Capital Management Inc boosted its holdings in 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 worth $83,000 after purchasing an additional 336 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Apollo Global Management in the 4th quarter worth about $97,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on APO shares. Evercore ISI upped their price objective on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their price target on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. UBS Group raised Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Wells Fargo & Company decreased their price target on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, TD Cowen increased their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.32.

Insider Activity

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The sale 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 business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock worth $34,186,128 over the last three months. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Up 1.3 %

Shares of NYSE:APO opened at $172.02 on Friday. The firm has a market capitalization of $97.33 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.36 and a beta of 1.63. The stock has a 50 day moving average price of $169.66 and a 200-day moving average price of $141.61. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.463 per share. 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. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.08%. Apollo Global Management’s dividend payout ratio (DPR) is currently 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.