Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in shares of Apollo Global Management, Inc. (NYSE:APO – Get Rating) by 18.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,587,676 shares of the financial services provider’s stock after selling 366,126 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Apollo Global Management were worth $101,276,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of APO. Parkside Financial Bank & Trust boosted its holdings in shares of Apollo Global Management by 7,183.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 431 shares during the last quarter. MADDEN SECURITIES Corp acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $30,000. Zions Bancorporation N.A. acquired a new stake in shares of Apollo Global Management in the first quarter valued at about $30,000. Pinnacle Holdings LLC acquired a new stake in shares of Apollo Global Management in the third quarter valued at about $31,000. Finally, Carolinas Wealth Consulting LLC acquired a new stake in Apollo Global Management during the first quarter worth about $37,000. Institutional investors and hedge funds own 68.98% of the company’s stock.

Apollo Global Management Trading Up 0.2 %

NYSE APO opened at $63.85 on Monday. Apollo Global Management, Inc. has a one year low of $45.62 and a one year high of $74.63. The firm has a 50 day simple moving average of $61.65 and a 200-day simple moving average of $65.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $36.23 billion, a price-to-earnings ratio of -26.38, a PEG ratio of 0.63 and a beta of 1.68.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 22nd will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, May 19th. This represents a $1.72 dividend on an annualized basis and a yield of 2.69%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.40. Apollo Global Management’s payout ratio is currently -66.12%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APO. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $84.00 to $88.00 in a research report on Friday, February 10th. TheStreet raised shares of Apollo Global Management from a “d+” rating to a “c” rating in a research note on Thursday, February 9th. Bank of America lowered their target price on shares of Apollo Global Management from $78.00 to $72.00 and set a “neutral” rating for the company in a research note on Wednesday, April 5th. Citigroup began coverage on shares of Apollo Global Management in a research note on Thursday. They set a “buy” rating and a $80.00 target price for the company. Finally, Barclays increased their target price on shares of Apollo Global Management from $74.00 to $79.00 in a research note on Monday, May 15th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.25.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $70.11, for a total transaction of $1,051,650.00. Following the sale, the chief financial officer now owns 425,120 shares of the company’s stock, valued at $29,805,163.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Apollo Global Management news, CFO Martin Kelly sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $70.11, for a total value of $1,051,650.00. Following the transaction, the chief financial officer now directly owns 425,120 shares of the company’s stock, valued at approximately $29,805,163.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joshua Harris sold 5,487 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $64.04, for a total transaction of $351,387.48. Following the completion of the transaction, the insider now directly owns 34,799,391 shares in the company, valued at $2,228,552,999.64. The disclosure for this sale can be found here. Insiders sold 1,240,982 shares of company stock worth $79,680,152 over the last 90 days. 15.40% of the stock is owned by insiders.

Apollo Global Management Profile

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Apollo Global Management, Inc provides asset management services. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. The company was founded by Marc Rowan in 1990 and is headquartered in New York, NY.