Vaughan David Investments LLC IL Sells 12,288 Shares of Apollo Global Management Inc. $APO

Vaughan David Investments LLC IL trimmed its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 458,021 shares of the financial services provider’s stock after selling 12,288 shares during the quarter. Apollo Global Management makes up 1.3% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 16th largest position. Vaughan David Investments LLC IL’s holdings in Apollo Global Management were worth $61,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of APO. Swedbank AB grew its holdings in shares of Apollo Global Management by 3.7% in the second quarter. Swedbank AB now owns 80,131 shares of the financial services provider’s stock worth $11,368,000 after purchasing an additional 2,862 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Apollo Global Management by 55.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 16,213 shares of the financial services provider’s stock valued at $2,342,000 after buying an additional 5,774 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Apollo Global Management by 299.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 60,840 shares of the financial services provider’s stock valued at $8,631,000 after buying an additional 45,596 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Apollo Global Management by 16.8% during the second quarter. Farther Finance Advisors LLC now owns 2,382 shares of the financial services provider’s stock valued at $338,000 after acquiring an additional 342 shares during the last quarter. Finally, Sowell Financial Services LLC increased its holdings in Apollo Global Management by 8.2% during the 2nd quarter. Sowell Financial Services LLC now owns 6,886 shares of the financial services provider’s stock valued at $977,000 after purchasing an additional 524 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

APO has been the subject of a number of research analyst reports. Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. Citigroup reduced their price target on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. BMO Capital Markets set a $136.00 price objective on shares of Apollo Global Management and gave the stock a “market perform” rating in a report on Tuesday, November 25th. UBS Group cut their price objective on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Finally, Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $165.62.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $144.01 on Tuesday. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $174.91. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $83.59 billion, a P/E ratio of 21.05, a PEG ratio of 1.29 and a beta of 1.59. The stock’s 50 day moving average is $140.39 and its 200 day moving average is $137.95.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s dividend payout ratio is currently 29.82%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. The trade was a 1.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is owned by insiders.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.