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

Corient Private Wealth LLC lowered its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 203,927 shares of the financial services provider’s stock after selling 485 shares during the period. Corient Private Wealth LLC’s holdings in Apollo Global Management were worth $32,475,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new position in shares of Apollo Global Management during the fourth quarter worth about $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth approximately $34,000. Byrne Asset Management LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $37,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $39,000. Finally, HM Payson & Co. purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APO. TD Cowen increased their price objective on Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. BMO Capital Markets increased their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods decreased their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group upped their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, Piper Sandler lifted their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Price Performance

NYSE:APO opened at $138.90 on Tuesday. 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 $79.24 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The company’s 50-day moving average is $155.75 and its two-hundred day moving average is $151.50. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s payout ratio is 25.31%.

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.