Apollo Global Management, Inc. (NYSE:APO) Position Lowered by Western Financial Corp CA

Western Financial Corp CA reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,739 shares of the financial services provider’s stock after selling 1,605 shares during the period. Apollo Global Management comprises approximately 1.3% of Western Financial Corp CA’s portfolio, making the stock its 10th largest position. Western Financial Corp CA’s holdings in Apollo Global Management were worth $2,434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning increased its stake in Apollo Global Management by 12.0% in 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 last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Apollo Global Management by 11.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,404 shares of the financial services provider’s stock valued at $638,000 after buying an additional 560 shares in the last quarter. EP Wealth Advisors LLC raised its stake in Apollo Global Management by 5.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 3,375 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 185 shares in the last quarter. Cetera Investment Advisers lifted its position in Apollo Global Management by 3.3% in the second quarter. Cetera Investment Advisers now owns 51,218 shares of the financial services provider’s stock valued at $6,047,000 after acquiring an additional 1,657 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Apollo Global Management in the second quarter valued at $11,107,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on APO shares. Morgan Stanley lifted their target price on 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. Deutsche Bank Aktiengesellschaft boosted their price objective on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group upped 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 report on Tuesday, November 19th. Finally, TD Cowen raised their price target on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.32.

Apollo Global Management Stock Performance

APO opened at $171.00 on Friday. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The stock has a market cap of $96.75 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.37 and a beta of 1.63. The stock’s 50 day simple moving average is $170.11 and its 200 day simple moving average is $143.18. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a $0.463 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a yield of 1.08%. Apollo Global Management’s dividend payout ratio is 19.33%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction that occurred on 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 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 196,600 shares of company stock valued at $34,186,128 in the last 90 days. 8.50% of the stock is currently owned by insiders.

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.