Russell Investments Group Ltd. Cuts Position in Apollo Global Management, Inc. (NYSE:APO)

Russell Investments Group Ltd. lowered its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 490,429 shares of the financial services provider’s stock after selling 25,644 shares during the quarter. Russell Investments Group Ltd.’s holdings in Apollo Global Management were worth $45,737,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC purchased a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $31,000. CVA Family Office LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $34,000. Blue Trust Inc. grew its position in shares of Apollo Global Management by 151.4% in the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 221 shares during the period. Hanseatic Management Services Inc. purchased a new stake in shares of Apollo Global Management during the third quarter worth about $39,000. Finally, GAMMA Investing LLC acquired a new position in shares of Apollo Global Management during the 4th quarter worth about $50,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APO has been the subject of several research reports. TD Cowen assumed coverage on Apollo Global Management in a research note on Thursday, January 4th. They set an “outperform” rating and a $115.00 price objective for the company. Wells Fargo & Company boosted their price target on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. BMO Capital Markets raised their price objective on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Finally, Citigroup increased their target price on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.33.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 300,000 shares of the stock in a transaction that occurred on Saturday, February 24th. The shares were sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the sale, the insider now directly owns 43,054,773 shares in the company, valued at approximately $4,801,037,737.23. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the transaction, the chief financial officer now owns 366,572 shares in the company, valued at $39,989,339.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leon D. Black sold 300,000 shares of Apollo Global Management stock in a transaction dated Saturday, February 24th. The stock was sold at an average price of $111.51, for a total value of $33,453,000.00. Following the sale, the insider now owns 43,054,773 shares in the company, valued at approximately $4,801,037,737.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,426,000 shares of company stock valued at $158,226,960. Corporate insiders own 8.70% of the company’s stock.

Apollo Global Management Stock Down 1.2 %

Shares of NYSE APO opened at $110.91 on Tuesday. Apollo Global Management, Inc. has a 1 year low of $57.50 and a 1 year high of $117.15. The company has a market capitalization of $63.01 billion, a P/E ratio of 13.19, a P/E/G ratio of 0.94 and a beta of 1.63. The company has a 50 day simple moving average of $111.20 and a 200-day simple moving average of $99.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. On average, equities research analysts predict that Apollo Global Management, Inc. will post 7.43 earnings per share for the current year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a $0.43 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.55%. Apollo Global Management’s dividend payout ratio is presently 20.45%.

Apollo Global Management Profile

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.