Quotient Wealth Partners LLC Lowers Holdings in Apollo Global Management, Inc. (NYSE:APO)

Quotient Wealth Partners LLC lowered its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 47.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,314 shares of the financial services provider’s stock after selling 2,974 shares during the period. Quotient Wealth Partners LLC’s holdings in Apollo Global Management were worth $547,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management in the third quarter valued at $35,000. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at about $37,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management in the 4th quarter valued at about $39,000. UMB Bank n.a. raised its holdings in Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 228 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in Apollo Global Management during the third quarter worth approximately $80,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Down 0.9 %

NYSE:APO opened at $163.39 on Monday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year 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. The stock has a fifty day moving average price of $169.13 and a two-hundred day moving average price of $144.96. The stock has a market capitalization of $92.45 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 1.28 and a beta of 1.63.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the completion of the transaction, the insider now directly owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $863,050.00. Following the transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on APO shares. Wells Fargo & Company cut their price target on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. UBS Group raised Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Evercore ISI lifted their price target on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. TD Cowen increased their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, BMO Capital Markets upped their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $164.00.

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.