Wealthcare Advisory Partners LLC Sells 3,521 Shares of Apollo Global Management, Inc. (NYSE:APO)

Wealthcare Advisory Partners LLC decreased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,970 shares of the financial services provider’s stock after selling 3,521 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Apollo Global Management were worth $6,767,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of APO. Compagnie Lombard Odier SCmA purchased a new stake in Apollo Global Management in the third quarter worth approximately $35,000. Versant Capital Management Inc boosted its stake in shares of Apollo Global Management by 203.6% during the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 336 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $97,000. Prospera Private Wealth LLC bought a new stake in Apollo Global Management during the 3rd quarter valued at approximately $80,000. Finally, Truvestments Capital LLC purchased a new position in shares of Apollo Global Management in the third quarter worth $83,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling

In other news, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock worth $34,186,128. 8.50% of the stock is owned by insiders.

Apollo Global Management Stock Up 0.6 %

APO opened at $165.80 on Friday. The company has a fifty day moving average of $169.09 and a two-hundred day moving average of $139.35. The stock has a market capitalization of $93.81 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.20 and a beta of 1.63. Apollo Global Management, Inc. has a fifty-two week low of $94.34 and a fifty-two week high of $189.49. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Analyst Upgrades and Downgrades

APO has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Tuesday. Wolfe Research initiated coverage on Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective for the company. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley lifted their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $164.32.

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.