Cape Investment Advisory Inc. Has $168,000 Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Cape Investment Advisory Inc. trimmed its position in Apollo Global Management, Inc. (NYSE:APO) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,019 shares of the financial services provider’s stock after selling 160 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Apollo Global Management were worth $168,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management in the fourth quarter worth about $37,000. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management in the fourth quarter worth about $39,000. UMB Bank n.a. boosted its holdings 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 purchasing an additional 228 shares during the period. WR Wealth Planners LLC boosted its holdings in shares of Apollo Global Management by 25.3% during the fourth quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 92 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Apollo Global Management by 203.6% during the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 336 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the transaction, the insider now directly owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,200 shares of company stock valued at $11,744,584. 8.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APO has been the subject of several research reports. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Evercore ISI raised their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. The Goldman Sachs Group raised their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Trading Up 1.2 %

NYSE:APO opened at $149.21 on Monday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The firm has a market cap of $84.42 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 1.17 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 company’s 50 day moving average is $163.39 and its 200-day moving average is $149.67.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

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.