Dorsey & Whitney Trust CO LLC Acquires 162 Shares of Apollo Global Management, Inc. (NYSE:APO)

Dorsey & Whitney Trust CO LLC increased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,554 shares of the financial services provider’s stock after acquiring an additional 162 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Apollo Global Management were worth $422,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. HM Payson & Co. bought a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $45,000. PNC Financial Services Group Inc. grew its holdings in shares of Apollo Global Management by 6.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,461 shares of the financial services provider’s stock valued at $5,692,000 after acquiring an additional 2,069 shares in the last quarter. Machina Capital S.A.S. bought a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $217,000. Andra AP fonden grew its holdings in shares of Apollo Global Management by 497.7% in the fourth quarter. Andra AP fonden now owns 106,417 shares of the financial services provider’s stock valued at $17,576,000 after acquiring an additional 88,614 shares in the last quarter. Finally, BBR Partners LLC grew its holdings in shares of Apollo Global Management by 118.6% in the fourth quarter. BBR Partners LLC now owns 16,015 shares of the financial services provider’s stock valued at $2,645,000 after acquiring an additional 8,689 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on APO shares. Keefe, Bruyette & Woods dropped their price objective on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. UBS Group upgraded Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. BMO Capital Markets upped their price objective on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price objective on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. One equities 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. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $165.74.

Apollo Global Management Trading Down 4.8 %

Apollo Global Management stock opened at $125.99 on Tuesday. The stock has a market cap of $71.88 billion, a P/E ratio of 17.24, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The firm’s fifty day moving average price is $159.07 and its 200-day moving average price is $150.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.47%. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value 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. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.50% of the company’s stock.

About Apollo Global Management

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.