Anchor Capital Advisors LLC Has $16.28 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Anchor Capital Advisors LLC cut its holdings in Apollo Global Management, Inc. (NYSE:APO) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,572 shares of the financial services provider’s stock after selling 4,769 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Apollo Global Management were worth $16,280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APO. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at approximately $37,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $39,000. UMB Bank n.a. grew its stake 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 acquired a new position in shares of Apollo Global Management during the third quarter worth $80,000. Finally, Truvestments Capital LLC bought a new position in shares of Apollo Global Management in the 3rd quarter valued at $83,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 0.2 %

NYSE APO opened at $147.29 on Friday. The stock has a market capitalization of $83.34 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.17 and a beta of 1.63. The business has a 50 day simple moving average of $163.83 and a 200 day simple moving average of $148.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Insider Activity

In related news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon D. Black sold 133,400 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,600 shares of company stock worth $34,977,528 in the last quarter. 8.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APO. Deutsche Bank Aktiengesellschaft upped their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company dropped their price objective 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. Keefe, Bruyette & Woods cut their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. TD Cowen upped 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. Finally, The Goldman Sachs Group raised their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.74.

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.