Schwartz Investment Counsel Inc. Sells 2,500 Shares of Apollo Global Management, Inc. (NYSE:APO)

Schwartz Investment Counsel Inc. lessened its stake in Apollo Global Management, Inc. (NYSE:APO) by 10.1% in the fourth quarter, HoldingsChannel reports. The firm owned 22,281 shares of the financial services provider’s stock after selling 2,500 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Apollo Global Management were worth $3,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. TFB Advisors LLC increased its holdings in Apollo Global Management by 0.9% during the fourth quarter. TFB Advisors LLC now owns 19,199 shares of the financial services provider’s stock valued at $3,171,000 after buying an additional 171 shares during the last quarter. Capital Advisors Inc. OK grew its holdings in Apollo Global Management by 5.2% during the 4th quarter. Capital Advisors Inc. OK now owns 4,206 shares of the financial services provider’s stock valued at $695,000 after buying an additional 206 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Apollo Global Management in the fourth quarter worth $3,964,000. Leavell Investment Management Inc. raised 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 valued at $1,016,000 after buying an additional 1,750 shares in the last quarter. Finally, Fortress Financial Solutions LLC bought a new stake in Apollo Global Management in the fourth quarter worth $685,000. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the topic of several research analyst reports. Piper Sandler upped their price objective on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. UBS Group upgraded shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Finally, Evercore ISI raised their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $158.11 on Wednesday. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a market cap of $89.46 billion, a PE ratio of 21.63, a P/E/G ratio of 1.28 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The business has a 50-day simple moving average of $168.63 and a two-hundred day simple moving average of $145.50.

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 paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insiders Place Their Bets

In related news, insider Leon D. Black sold 58,200 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the transaction, the insider now owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This represents a 0.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred 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 sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 196,600 shares of company stock valued at $34,186,128. Insiders own 8.50% of the company’s stock.

About Apollo Global Management

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.