Genesee Capital Advisors LLC Sells 460 Shares of Apollo Global Management, Inc. (NYSE:APO)

Genesee Capital Advisors LLC cut its position in Apollo Global Management, Inc. (NYSE:APO) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,206 shares of the financial services provider’s stock after selling 460 shares during the period. Apollo Global Management accounts for approximately 0.9% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Genesee Capital Advisors LLC’s holdings in Apollo Global Management were worth $2,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AXA S.A. boosted its holdings in Apollo Global Management by 283.9% during the second quarter. AXA S.A. now owns 8,986 shares of the financial services provider’s stock worth $1,061,000 after purchasing an additional 6,645 shares during the last quarter. Creative Planning grew its position in shares of Apollo Global Management by 12.0% during the 2nd quarter. Creative Planning now owns 39,468 shares of the financial services provider’s stock valued at $4,660,000 after acquiring an additional 4,242 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Apollo Global Management by 11.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,404 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 560 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in Apollo Global Management by 127.9% during the second quarter. B. Riley Wealth Advisors Inc. now owns 26,391 shares of the financial services provider’s stock worth $3,116,000 after purchasing an additional 14,812 shares during the period. Finally, EP Wealth Advisors LLC raised its position in shares of Apollo Global Management by 5.8% in the second quarter. EP Wealth Advisors LLC now owns 3,375 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 185 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Evercore ISI raised their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Citigroup lifted their price target on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.32.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 196,600 shares of company stock worth $34,186,128. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

APO opened at $169.46 on Wednesday. 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 stock has a market capitalization of $95.88 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.36 and a beta of 1.63. The company’s 50-day simple moving average is $169.74 and its two-hundred day simple moving average is $142.44.

Apollo Global Management Increases Dividend

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

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.