Hantz Financial Services Inc. Sells 42,022 Shares of Apollo Global Management, Inc. (NYSE:APO)

Hantz Financial Services Inc. lessened its position in Apollo Global Management, Inc. (NYSE:APO) by 41.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,724 shares of the financial services provider’s stock after selling 42,022 shares during the period. Hantz Financial Services Inc.’s holdings in Apollo Global Management were worth $9,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AXA S.A. raised its stake in Apollo Global Management by 283.9% during the second quarter. AXA S.A. now owns 8,986 shares of the financial services provider’s stock valued at $1,061,000 after buying an additional 6,645 shares during the last quarter. Creative Planning grew its holdings in Apollo Global Management by 12.0% during the second quarter. Creative Planning now owns 39,468 shares of the financial services provider’s stock valued at $4,660,000 after purchasing an additional 4,242 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Apollo Global Management by 11.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,404 shares of the financial services provider’s stock valued at $638,000 after acquiring an additional 560 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Apollo Global Management by 127.9% in the second quarter. B. Riley Wealth Advisors Inc. now owns 26,391 shares of the financial services provider’s stock valued at $3,116,000 after acquiring an additional 14,812 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of Apollo Global Management by 5.8% in the second quarter. EP Wealth Advisors LLC now owns 3,375 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 185 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on APO. UBS Group upgraded Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their target price on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Piper Sandler boosted their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Barclays boosted their target price on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets boosted their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. One equities research 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. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $164.32.

Apollo Global Management Stock Up 1.1 %

Shares of NYSE:APO opened at $171.18 on Thursday. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The stock has a market cap of $96.86 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. The business’s 50 day moving average is $169.91 and its 200 day moving average is $142.64. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued 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 yield of 1.08%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is currently 19.33%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the 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 owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock worth $34,186,128 over the last 90 days. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Company 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.