Schwarz Dygos Wheeler Investment Advisors LLC Sells 433 Shares of Apollo Global Management, Inc. (NYSE:APO)

Schwarz Dygos Wheeler Investment Advisors LLC trimmed its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the financial services provider’s stock after selling 433 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Apollo Global Management were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Partners Group Holding AG grew its position in Apollo Global Management by 26.5% in the third quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider’s stock valued at $96,896,000 after acquiring an additional 162,678 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at $3,994,000. Swedbank AB grew its holdings in shares of Apollo Global Management by 50.9% in the 3rd quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock worth $9,735,000 after purchasing an additional 26,300 shares during the last quarter. Fortress Financial Solutions LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth about $685,000. Finally, Leavell Investment Management Inc. increased its position in shares of Apollo Global Management by 39.8% during the 4th quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider’s stock worth $1,016,000 after purchasing an additional 1,750 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on APO shares. The Goldman Sachs Group boosted 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. Barclays raised their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. Finally, BMO Capital Markets raised 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $165.74.

Apollo Global Management Price Performance

Shares of APO stock opened at $132.63 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The firm has a fifty day moving average of $159.88 and a 200-day moving average of $150.64. The firm has a market capitalization of $75.66 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 1.39%. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 5,000 shares of the 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 completion of the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.50% of the company’s stock.

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.