Sigma Planning Corp Sells 2,159 Shares of Apollo Global Management, Inc. (NYSE:APO)

Sigma Planning Corp decreased its position in shares of Apollo Global Management, Inc. (NYSE:APOGet Rating) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,524 shares of the financial services provider’s stock after selling 2,159 shares during the quarter. Sigma Planning Corp’s holdings in Apollo Global Management were worth $413,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of APO. Parkside Financial Bank & Trust lifted its holdings in shares of Apollo Global Management by 7,183.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 431 shares during the period. McIlrath & Eck LLC bought a new stake in Apollo Global Management during the first quarter worth $28,000. Zions Bancorporation N.A. acquired a new stake in shares of Apollo Global Management in the 1st quarter valued at $30,000. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Apollo Global Management by 323.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 500 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 382 shares during the last quarter. Finally, Janiczek Wealth Management LLC acquired a new position in shares of Apollo Global Management during the 2nd quarter worth $29,000. 69.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on APO. TheStreet lowered Apollo Global Management from a “c” rating to a “d+” rating in a research note on Wednesday, November 2nd. UBS Group lowered their price objective on shares of Apollo Global Management from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, October 19th. Barclays raised their target price on shares of Apollo Global Management from $65.00 to $73.00 and gave the company an “overweight” rating in a research report on Thursday, November 3rd. Morgan Stanley upped their price target on shares of Apollo Global Management from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, November 3rd. Finally, Bank of America raised Apollo Global Management from an “underperform” rating to a “neutral” rating in a report on Friday, September 23rd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.20.

Apollo Global Management Stock Up 0.9 %

Shares of NYSE:APO opened at $65.32 on Friday. The firm has a market cap of $37.38 billion, a P/E ratio of -11.58 and a beta of 1.67. Apollo Global Management, Inc. has a 12-month low of $45.62 and a 12-month high of $75.39. The business has a fifty day simple moving average of $55.10 and a 200 day simple moving average of $54.87. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.08.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.45%. Apollo Global Management’s dividend payout ratio (DPR) is -28.37%.

Insider Buying and Selling

In other news, Director Walter Joseph Clayton III bought 5,000 shares of the firm’s stock in a transaction on Tuesday, August 30th. The stock was acquired at an average price of $56.07 per share, with a total value of $280,350.00. Following the transaction, the director now owns 29,737 shares of the company’s stock, valued at approximately $1,667,353.59. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Martin Kelly sold 20,000 shares of Apollo Global Management stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $64.88, for a total value of $1,297,600.00. Following the completion of the transaction, the chief financial officer now directly owns 431,486 shares of the company’s stock, valued at approximately $27,994,811.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Walter Joseph Clayton III acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was acquired at an average cost of $56.07 per share, for a total transaction of $280,350.00. Following the completion of the purchase, the director now directly owns 29,737 shares in the company, valued at $1,667,353.59. The disclosure for this purchase can be found here. 15.40% of the stock is owned by insiders.

About Apollo Global Management

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Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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