Harbour Capital Advisors LLC Trims Stake in Apollo Global Management, Inc. (NYSE:APO)

Harbour Capital Advisors LLC lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,092 shares of the financial services provider’s stock after selling 150 shares during the period. Harbour Capital Advisors LLC’s holdings in Apollo Global Management were worth $2,044,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA purchased a new stake in shares of Apollo Global Management in the 3rd quarter valued at about $35,000. Versant Capital Management Inc raised its stake in Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock valued at $83,000 after purchasing an additional 336 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Apollo Global Management during the fourth quarter valued at approximately $97,000. Prospera Private Wealth LLC purchased a new position in Apollo Global Management in the 3rd quarter worth approximately $80,000. Finally, Truvestments Capital LLC bought a new position in shares of Apollo Global Management in the 3rd quarter worth $83,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 1.0 %

Shares of NYSE:APO traded down $1.53 during midday trading on Monday, reaching $153.86. The company’s stock had a trading volume of 2,265,769 shares, compared to its average volume of 3,261,336. 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 firm has a 50 day moving average of $168.43 and a 200-day moving average of $138.43. The firm has a market capitalization of $87.06 billion, a P/E ratio of 16.08, a PEG ratio of 1.84 and a beta of 1.63. Apollo Global Management, Inc. has a 12-month low of $94.19 and a 12-month high of $189.49.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a dividend of $0.463 per share. This is an increase 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 1.20%. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Insider Activity

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APO. Barclays upped their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. TD Cowen increased their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. UBS Group upgraded Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Citigroup upped their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $164.63.

Apollo Global Management Company 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.