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

Baker Tilly Wealth Management LLC lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 30.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,588 shares of the financial services provider’s stock after selling 2,425 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Apollo Global Management were worth $923,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of APO. Private Advisor Group LLC raised its position in shares of Apollo Global Management by 9.1% during the 2nd quarter. Private Advisor Group LLC now owns 10,318 shares of the financial services provider’s stock valued at $1,218,000 after buying an additional 858 shares during the period. Caprock Group LLC boosted its stake in shares of Apollo Global Management by 50.8% in the 2nd quarter. Caprock Group LLC now owns 4,228 shares of the financial services provider’s stock valued at $499,000 after buying an additional 1,425 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Apollo Global Management in the second quarter valued at approximately $171,000. Prudential PLC lifted its stake in Apollo Global Management by 50.7% in the second quarter. Prudential PLC now owns 6,117 shares of the financial services provider’s stock worth $722,000 after acquiring an additional 2,058 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Apollo Global Management by 7.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 28,095 shares of the financial services provider’s stock worth $3,317,000 after acquiring an additional 1,900 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

APO stock traded down $5.55 during midday trading on Friday, hitting $156.43. 750,374 shares of the company traded hands, compared to its average volume of 2,795,887. Apollo Global Management, Inc. has a twelve month low of $94.19 and a twelve month high of $189.49. The stock has a market capitalization of $88.51 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.84 and a beta of 1.63. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The business has a 50 day simple moving average of $168.14 and a 200-day simple moving average of $137.90.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.463 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.18%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Analyst Upgrades and Downgrades

APO has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. increased their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. TD Cowen increased their price objective on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Morgan Stanley upped their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average target price of $164.63.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, December 3rd. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leon D. Black sold 58,200 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock valued at $34,186,128 in the last ninety days. Company insiders own 8.50% of the company’s stock.

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.