Securian Asset Management Inc. Has $3.34 Million Stock Holdings in Apollo Global Management Inc. $APO

Securian Asset Management Inc. cut its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 0.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,553 shares of the financial services provider’s stock after selling 135 shares during the period. Securian Asset Management Inc.’s holdings in Apollo Global Management were worth $3,341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of APO. GAMMA Investing LLC raised its position in shares of Apollo Global Management by 61.8% during the first quarter. GAMMA Investing LLC now owns 4,478 shares of the financial services provider’s stock worth $613,000 after purchasing an additional 1,710 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Apollo Global Management by 6.0% during the first quarter. Asset Management One Co. Ltd. now owns 171,195 shares of the financial services provider’s stock worth $23,443,000 after purchasing an additional 9,732 shares during the period. Clearview Wealth Advisors LLC raised its position in Apollo Global Management by 420.7% during the first 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 period. Embree Financial Group acquired a new position in Apollo Global Management during the first quarter valued at $241,000. Finally, YHB Investment Advisors Inc. raised its position in Apollo Global Management by 30.1% during the first quarter. YHB Investment Advisors Inc. now owns 10,682 shares of the financial services provider’s stock valued at $1,463,000 after buying an additional 2,473 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 15,500 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the sale, the chief financial officer owned 332,399 shares in the company, valued at approximately $48,234,418.89. This represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Whitney Chatterjee sold 4,500 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the sale, the insider owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 935,000 shares of company stock worth $125,543,790 over the last 90 days. 8.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APO. Evercore ISI upped their price target on Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Wells Fargo & Company upped their price target on Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Citigroup dropped their price target on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Morgan Stanley dropped their price target on Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.57.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $125.89 on Wednesday. The business’s 50-day moving average price is $133.56 and its two-hundred day moving average price is $135.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49. The company has a market capitalization of $72.01 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68.

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

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management’s payout ratio is 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.