Centiva Capital LP Has $991,000 Stake in Apollo Global Management, Inc. (NYSE:APO)

Centiva Capital LP cut its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 41.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,001 shares of the financial services provider’s stock after selling 4,192 shares during the quarter. Centiva Capital LP’s holdings in Apollo Global Management were worth $991,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Apollo Global Management by 64.6% in the 4th quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider’s stock valued at $1,550,316,000 after purchasing an additional 3,695,979 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Apollo Global Management by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider’s stock valued at $7,454,560,000 after purchasing an additional 3,691,700 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Apollo Global Management by 245.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider’s stock worth $438,196,000 after purchasing an additional 1,886,146 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Apollo Global Management by 36.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider’s stock worth $1,065,615,000 after purchasing an additional 1,739,807 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Apollo Global Management by 50.0% in the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider’s stock valued at $723,853,000 after buying an additional 1,460,689 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO opened at $129.34 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $73.79 billion, a PE ratio of 17.69, a PEG ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The stock’s fifty day moving average price is $132.15 and its two-hundred day moving average price is $152.64.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.02). The business had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. Apollo Global Management’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period last year, the company earned $1.72 earnings per share. On average, equities research analysts forecast that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 16th. Apollo Global Management’s payout ratio is currently 35.73%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares of the company’s stock, valued at approximately $69,257,178.06. This represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 509,000 shares of company stock valued at $72,321,680 in the last 90 days. 8.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on APO shares. Bank of America boosted their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Wells Fargo & Company dropped their price target on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Raymond James initiated coverage on Apollo Global Management in a research note on Thursday, April 10th. They issued a “strong-buy” rating and a $173.00 price objective for the company. TD Cowen lowered their target price on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays lifted their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $155.85.

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.