Capricorn Fund Managers Ltd Has $850,000 Holdings in Apollo Global Management, Inc. (NYSE:APO)

Capricorn Fund Managers Ltd trimmed its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 43.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,106 shares of the financial services provider’s stock after selling 3,999 shares during the quarter. Capricorn Fund Managers Ltd’s holdings in Apollo Global Management were worth $850,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Apollo Global Management by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,100,820 shares of the financial services provider’s stock valued at $129,973,000 after purchasing an additional 91,506 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Apollo Global Management by 6.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 16,820 shares of the financial services provider’s stock valued at $1,986,000 after buying an additional 1,071 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Apollo Global Management by 1.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,046 shares of the financial services provider’s stock valued at $1,540,000 after buying an additional 191 shares during the last quarter. AE Wealth Management LLC acquired a new position in Apollo Global Management during the 2nd quarter worth about $416,000. Finally, Frank Rimerman Advisors LLC acquired a new stake in Apollo Global Management in the 2nd quarter valued at about $256,000. Institutional investors own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

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

Apollo Global Management Price Performance

NYSE APO opened at $166.81 on Tuesday. 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 business has a 50 day simple moving average of $169.19 and a 200 day simple moving average of $140.29. The stock has a market cap of $94.38 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.34 and a beta of 1.63.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.33%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays boosted 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 note on Monday, December 9th. Evercore ISI upped their price objective on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company lowered their target price on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. BMO Capital Markets upped their price target on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Finally, UBS Group upgraded Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.32.

Apollo Global Management 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.