Schroder Investment Management Group Reduces Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Schroder Investment Management Group cut its holdings in Apollo Global Management, Inc. (NYSE:APO) by 14.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,280 shares of the financial services provider’s stock after selling 5,918 shares during the quarter. Schroder Investment Management Group’s holdings in Apollo Global Management were worth $5,708,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Royal London Asset Management Ltd. boosted its stake in Apollo Global Management by 3.8% in the 3rd quarter. Royal London Asset Management Ltd. now owns 300,474 shares of the financial services provider’s stock worth $37,532,000 after purchasing an additional 10,948 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Apollo Global Management by 50.9% during the third quarter. Quantinno Capital Management LP now owns 18,854 shares of the financial services provider’s stock worth $2,355,000 after buying an additional 6,358 shares during the period. Stifel Financial Corp lifted its stake in shares of Apollo Global Management by 7.8% during the third quarter. Stifel Financial Corp now owns 324,705 shares of the financial services provider’s stock worth $40,559,000 after buying an additional 23,447 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in shares of Apollo Global Management during the third quarter valued at $3,833,000. Finally, Insigneo Advisory Services LLC acquired a new position in shares of Apollo Global Management in the 3rd quarter valued at $316,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the topic of several research analyst reports. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their price target on shares of Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Barclays upped their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. TD Cowen raised 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. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target of $168.26.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now directly owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Down 12.3 %

Shares of NYSE APO opened at $108.22 on Friday. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. 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 company’s 50-day simple moving average is $148.49 and its 200-day simple moving average is $153.57. The firm has a market cap of $61.74 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid 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 1.71%. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

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.