Capital Management Associates NY Sells 1,501 Shares of Apollo Global Management, Inc. (NYSE:APO)

Capital Management Associates NY lowered its holdings in Apollo Global Management, Inc. (NYSE:APO) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,628 shares of the financial services provider’s stock after selling 1,501 shares during the quarter. Apollo Global Management comprises about 3.6% of Capital Management Associates NY’s investment portfolio, making the stock its 7th largest position. Capital Management Associates NY’s holdings in Apollo Global Management were worth $3,077,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new position in Apollo Global Management in the fourth quarter worth $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth $34,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth $37,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth $39,000. Finally, HM Payson & Co. bought a new stake in shares of Apollo Global Management during the fourth quarter worth $45,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Up 3.2 %

Shares of Apollo Global Management stock opened at $134.36 on Friday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The business has a 50-day moving average of $156.36 and a two-hundred day moving average of $150.79. The company has a market capitalization of $76.65 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.38%. Apollo Global Management’s dividend payout ratio is currently 25.31%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on APO shares. Morgan Stanley boosted their target price on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. BMO Capital Markets boosted their target price on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Wells Fargo & Company dropped their target price on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group boosted their target price on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, 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 report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.74.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the transaction, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.50% of the stock is owned by insiders.

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.