Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC cut its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 296,614 shares of the financial services provider’s stock after selling 23,661 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.05% of Apollo Global Management worth $48,989,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Menard Financial Group LLC grew its holdings in Apollo Global Management by 1.2% during the 3rd quarter. Menard Financial Group LLC now owns 5,761 shares of the financial services provider’s stock valued at $720,000 after purchasing an additional 71 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of Apollo Global Management by 2.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 71 shares during the period. Tower Wealth Partners Inc. boosted its stake in Apollo Global Management by 4.4% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 74 shares during the period. Sfmg LLC lifted its stake in Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after buying an additional 79 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Apollo Global Management by 0.9% during the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 90 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

NYSE APO opened at $136.89 on Friday. The company has a market capitalization of $78.09 billion, a P/E ratio of 18.73, a P/E/G ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a fifty day moving average of $152.47 and a 200-day moving average of $153.27.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 yield of 1.35%. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. TD Cowen lifted their target price on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Barclays raised their price objective on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Wells Fargo & Company cut their price objective on Apollo Global Management from $187.00 to $177.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. One equities research 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $165.21.

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.