Red Door Wealth Management LLC Sells 2,533 Shares of Apollo Global Management, Inc. (NYSE:APO)

Red Door Wealth Management LLC decreased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 29.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,084 shares of the financial services provider’s stock after selling 2,533 shares during the quarter. Red Door Wealth Management LLC’s holdings in Apollo Global Management were worth $1,005,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of APO. AE Wealth Management LLC bought a new stake in shares of Apollo Global Management during the second quarter worth $416,000. Frank Rimerman Advisors LLC bought a new stake in Apollo Global Management during the 2nd quarter valued at about $256,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Apollo Global Management by 60.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 76,169 shares of the financial services provider’s stock valued at $8,993,000 after buying an additional 28,736 shares during the period. AXA S.A. grew its stake in Apollo Global Management by 283.9% in the 2nd quarter. AXA S.A. now owns 8,986 shares of the financial services provider’s stock worth $1,061,000 after acquiring an additional 6,645 shares in the last quarter. Finally, Engle Capital Management L.P. raised its stake in shares of Apollo Global Management by 3.1% during the second quarter. Engle Capital Management L.P. now owns 133,000 shares of the financial services provider’s stock valued at $15,703,000 after acquiring an additional 4,000 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Leon D. Black sold 58,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $173.37, for a total value of $10,090,134.00. Following the sale, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 in the last quarter. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

APO opened at $169.49 on Friday. The firm has a fifty day moving average price of $169.49 and a 200 day moving average price of $141.05. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The stock has a market cap of $95.90 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.36 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.09%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio is presently 19.33%.

Analyst Upgrades and Downgrades

Several research analysts have commented on APO shares. UBS Group upgraded Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group raised their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Barclays upped their price target on shares of 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, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. 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. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $164.32.

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.