Yousif Capital Management LLC Decreases Stock Position in Apollo Global Management Inc. $APO

Yousif Capital Management LLC reduced its position in Apollo Global Management Inc. (NYSE:APO) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 57,222 shares of the financial services provider’s stock after selling 320 shares during the period. Yousif Capital Management LLC’s holdings in Apollo Global Management were worth $8,118,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Apollo Global Management by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider’s stock valued at $75,347,000 after buying an additional 7,441 shares during the last quarter. Clearview Wealth Advisors LLC raised its stake in Apollo Global Management by 420.7% during the 1st quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider’s stock valued at $2,952,000 after buying an additional 17,418 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Apollo Global Management during the 1st quarter valued at $871,000. Elevation Point Wealth Partners LLC purchased a new stake in Apollo Global Management during the 1st quarter valued at $492,000. Finally, True North Advisors LLC purchased a new stake in Apollo Global Management during the 1st quarter valued at $2,097,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 15,500 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer owned 332,399 shares of the company’s stock, valued at approximately $48,234,418.89. This represents a 4.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Whitney Chatterjee sold 4,500 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the transaction, the insider directly owned 83,192 shares of the company’s stock, valued at $12,148,527.76. This represents a 5.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 935,000 shares of company stock valued at $125,543,790. Company insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on APO shares. Citigroup decreased their target price on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets started coverage on shares of Apollo Global Management in a research note on Friday, October 3rd. They set a “market perform” rating and a $132.00 target price for the company. Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Evercore ISI upped their price objective on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company upped their price objective on Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $161.14.

Apollo Global Management Trading Up 3.7%

NYSE:APO opened at $122.54 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $70.09 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.29 and a beta of 1.68. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49. The business has a fifty day moving average price of $135.82 and a 200-day moving average price of $136.08.

Apollo Global Management (NYSE:APO) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. The company had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same quarter in the prior year, the firm posted $1.64 EPS. Sell-side analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio is currently 38.13%.

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.