Apollo Global Management, Inc. (NYSE:APO) Stake Trimmed by NFC Investments LLC

NFC Investments LLC lowered its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 25.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 308,403 shares of the financial services provider’s stock after selling 105,925 shares during the quarter. Apollo Global Management accounts for about 14.1% of NFC Investments LLC’s investment portfolio, making the stock its largest position. NFC Investments LLC owned approximately 0.05% of Apollo Global Management worth $50,935,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in APO. Hopwood Financial Services Inc. purchased a new position in Apollo Global Management during the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management during the fourth quarter valued at approximately $34,000. Byrne Asset Management LLC purchased a new position in Apollo Global Management during the fourth quarter valued at approximately $37,000. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management during the fourth quarter valued at approximately $39,000. Finally, HM Payson & Co. purchased a new position in shares of Apollo Global Management in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APO. Barclays boosted their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. BMO Capital Markets boosted their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. The Goldman Sachs Group boosted their target price 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. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their target price on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $165.74.

Insider Buying and Selling at Apollo Global Management

In other 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 completion of the sale, the chief financial officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Up 3.2 %

APO stock opened at $134.36 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 twelve month low of $95.11 and a twelve month high of $189.49. The stock has a market capitalization of $76.65 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The firm’s fifty day simple moving average is $156.36 and its two-hundred day simple moving average is $151.32.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 1.38%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is 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.