Dynamic Advisor Solutions LLC Sells 211 Shares of Apollo Global Management, Inc. (NYSE:APO)

Dynamic Advisor Solutions LLC decreased its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,017 shares of the financial services provider’s stock after selling 211 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Apollo Global Management were worth $498,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Apollo Global Management during the 3rd quarter worth about $35,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management in the 4th quarter worth approximately $39,000. UMB Bank n.a. lifted its holdings in shares of Apollo Global Management by 447.1% during the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after buying an additional 228 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management in the third quarter valued at approximately $80,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Apollo Global Management in the third quarter worth $83,000. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Citigroup boosted their price objective on shares of Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Piper Sandler upped their price objective on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group raised their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $164.32.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $167.20 on Tuesday. The stock’s fifty day simple moving average is $169.72 and its 200 day simple moving average is $142.09. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $94.61 billion, a PE ratio of 17.47, a PEG ratio of 1.36 and a beta of 1.63. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Insider Activity

In related news, insider Leon D. Black sold 58,200 shares of the business’s 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 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 in the last 90 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, 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.