Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Maven Securities LTD

Maven Securities LTD trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 56.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,500 shares of the financial services provider’s stock after selling 3,225 shares during the quarter. Maven Securities LTD’s holdings in Apollo Global Management were worth $413,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Ellevest Inc. increased its position in shares of Apollo Global Management by 1.5% during the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider’s stock worth $735,000 after purchasing an additional 67 shares in the last quarter. SRS Capital Advisors Inc. increased its position in shares of Apollo Global Management by 2.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 71 shares in the last quarter. Tower Wealth Partners Inc. increased its position in shares of Apollo Global Management by 4.4% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 74 shares in the last quarter. Colonial Trust Co SC increased its position in shares of Apollo Global Management by 29.2% during the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Apollo Global Management by 0.9% during the fourth quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider’s stock worth $1,639,000 after purchasing an additional 90 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

APO opened at $145.23 on Wednesday. The stock’s 50-day moving average price is $132.09 and its 200 day moving average price is $152.54. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $82.85 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.17 and a beta of 1.67.

Apollo Global Management (NYSE:APO) last posted its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. During the same period in the previous year, the company posted $1.72 EPS. Apollo Global Management’s revenue was down 21.2% on a year-over-year basis. As a group, sell-side analysts expect that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.51 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 16th. This represents a $2.04 annualized dividend and a yield of 1.40%. Apollo Global Management’s dividend payout ratio is presently 35.73%.

Analysts Set New Price Targets

Several brokerages recently commented on APO. Keefe, Bruyette & Woods dropped their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. UBS Group dropped their target price on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Monday, May 5th. Morgan Stanley dropped their target price on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company dropped their target price on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $157.89.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of Apollo Global Management stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the transaction, the insider now directly owns 621,754 shares in the company, valued at $69,257,178.06. This represents a 4,331.92% increase in their ownership of the stock. 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 quarter. Corporate insiders own 8.20% of the company’s stock.

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.