Genesee Capital Advisors LLC Sells 460 Shares of Apollo Global Management, Inc. (NYSE:APO)

Genesee Capital Advisors LLC lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 12,206 shares of the financial services provider’s stock after selling 460 shares during the period. Apollo Global Management accounts for approximately 0.9% of Genesee Capital Advisors LLC’s portfolio, making the stock its 25th largest position. Genesee Capital Advisors LLC’s holdings in Apollo Global Management were worth $2,016,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of APO. Patriot Financial Group Insurance Agency LLC bought a new stake in Apollo Global Management in the fourth quarter worth $243,000. Perigon Wealth Management LLC raised its position in Apollo Global Management by 3.1% in the 4th quarter. Perigon Wealth Management LLC now owns 5,159 shares of the financial services provider’s stock worth $856,000 after purchasing an additional 155 shares during the period. YHB Investment Advisors Inc. boosted its position in shares of Apollo Global Management by 9.5% during the fourth quarter. YHB Investment Advisors Inc. now owns 8,209 shares of the financial services provider’s stock valued at $1,356,000 after buying an additional 711 shares during the period. Nilsine Partners LLC bought a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $289,000. Finally, Foundations Investment Advisors LLC bought a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $8,529,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

In other news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares in the company, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock worth $34,186,128 in the last three months. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO stock opened at $169.46 on Wednesday. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week 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 has a market cap of $95.88 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. The business has a 50-day simple moving average of $169.74 and a 200-day simple moving average of $142.44.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a dividend of $0.463 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.09%. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft lifted their target price on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Barclays lifted their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. BMO Capital Markets boosted 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. Finally, Evercore ISI lifted their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. 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’s stock. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.32.

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.