William Blair Investment Management LLC Has $131.43 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

William Blair Investment Management LLC lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 16.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,711,091 shares of the financial services provider’s stock after selling 336,405 shares during the period. William Blair Investment Management LLC owned 0.30% of Apollo Global Management worth $131,429,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew 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 buying an additional 431 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of Apollo Global Management in the 1st quarter valued at $30,000. Zions Bancorporation N.A. acquired a new position in shares of Apollo Global Management in the 1st quarter valued at $30,000. Fortis Capital Advisors LLC acquired a new position in shares of Apollo Global Management in the 1st quarter valued at $37,000. Finally, Carolinas Wealth Consulting LLC bought a new position in shares of Apollo Global Management during the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 60.86% of the company’s stock.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, Director A B. Krongard purchased 1,009 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was acquired at an average price of $85.95 per share, with a total value of $86,723.55. Following the acquisition, the director now directly owns 77,608 shares of the company’s stock, valued at approximately $6,670,407.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Martin Kelly sold 20,000 shares of Apollo Global Management stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $86.08, for a total transaction of $1,721,600.00. Following the completion of the sale, the chief financial officer now owns 372,961 shares of the company’s stock, valued at $32,104,482.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A B. Krongard bought 1,009 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were purchased at an average cost of $85.95 per share, with a total value of $86,723.55. Following the acquisition, the director now directly owns 77,608 shares of the company’s stock, valued at approximately $6,670,407.60. The disclosure for this purchase can be found here. Company insiders own 8.70% of the company’s stock.

Apollo Global Management Trading Down 0.1 %

Shares of Apollo Global Management stock opened at $88.19 on Tuesday. Apollo Global Management, Inc. has a 12-month low of $55.16 and a 12-month high of $93.18. The stock has a market cap of $50.05 billion, a P/E ratio of 18.67, a P/E/G ratio of 0.66 and a beta of 1.64. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $87.04 and its 200-day moving average is $80.15.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, November 16th. Apollo Global Management’s dividend payout ratio is currently 36.36%.

Analyst Ratings Changes

Several analysts have commented on APO shares. Wells Fargo & Company raised their target price on shares of Apollo Global Management from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. The Goldman Sachs Group boosted their price objective on shares of Apollo Global Management from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Citigroup lifted their price target on Apollo Global Management from $91.00 to $100.00 in a research note on Friday, August 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Apollo Global Management from $100.00 to $102.00 and gave the stock a “buy” rating in a report on Wednesday, October 11th. Finally, Bank of America cut their target price on Apollo Global Management from $97.00 to $94.00 in a research note on Friday, October 6th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.82.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.