Vaughan David Investments LLC IL Has $80.78 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

Vaughan David Investments LLC IL reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 489,089 shares of the financial services provider’s stock after selling 29,878 shares during the quarter. Apollo Global Management accounts for approximately 1.9% of Vaughan David Investments LLC IL’s holdings, making the stock its 5th biggest holding. Vaughan David Investments LLC IL owned approximately 0.09% of Apollo Global Management worth $80,778,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of APO. Bank of New York Mellon Corp lifted its stake in shares of Apollo Global Management by 42.1% during the fourth quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock worth $436,148,000 after buying an additional 782,700 shares during the period. Sentry Investment Management LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $305,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $216,000. MONECO Advisors LLC boosted its position in Apollo Global Management by 7.5% during the fourth quarter. MONECO Advisors LLC now owns 1,975 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 137 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its position in Apollo Global Management by 8.4% during the fourth quarter. Howard Capital Management Inc. now owns 2,723 shares of the financial services provider’s stock worth $450,000 after acquiring an additional 210 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APO. TD Cowen boosted their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a report on Monday, December 9th. Piper Sandler upped their target price on shares of Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their price objective 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. BMO Capital Markets increased their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Citigroup increased their target price on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.74.

Apollo Global Management Stock Down 1.9 %

NYSE:APO opened at $147.70 on Tuesday. The firm has a market capitalization of $83.57 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.17 and a beta of 1.63. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $165.30 and its 200-day simple moving average is $148.46.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 201,600 shares of company stock valued at $34,977,528. 8.50% of the stock is owned by insiders.

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.