Gamco Investors INC. ET AL Cuts Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Gamco Investors INC. ET AL decreased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,435 shares of the financial services provider’s stock after selling 815 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Apollo Global Management were worth $1,063,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in APO. World Investment Advisors LLC lifted its stake in shares of Apollo Global Management by 1.8% in the third quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider’s stock worth $852,000 after buying an additional 119 shares in the last quarter. Sfmg LLC lifted its position in Apollo Global Management by 1.1% in the 3rd quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after acquiring an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Apollo Global Management during the 3rd quarter valued at $503,000. Versant Capital Management Inc increased its holdings in shares of Apollo Global Management by 203.6% in the 4th quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 336 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Apollo Global Management by 10.4% in the fourth quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 260 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, insider Lb 2018 Gst Trust acquired 607,725 shares of the stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the transaction, the insider now directly owns 621,754 shares of the company’s stock, valued at approximately $69,257,178.06. The trade was a 4,331.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value 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 approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Price Performance

NYSE APO opened at $126.78 on Friday. The stock has a market cap of $72.33 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company’s 50 day moving average is $138.04 and its two-hundred day moving average is $153.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Raymond James assumed coverage on Apollo Global Management in a research report on Thursday, April 10th. They set a “strong-buy” rating and a $173.00 price objective on the stock. TD Cowen dropped their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Morgan Stanley dropped their target price on shares of Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Finally, Bank of America boosted their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.00.

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.