Apollo Global Management Inc. $APO Shares Sold by SYM FINANCIAL Corp

SYM FINANCIAL Corp cut its position in shares of Apollo Global Management Inc. (NYSE:APO) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,641 shares of the financial services provider’s stock after selling 107 shares during the quarter. SYM FINANCIAL Corp’s holdings in Apollo Global Management were worth $375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GW&K Investment Management LLC raised its holdings in Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after buying an additional 87 shares during the period. Activest Wealth Management grew its stake in Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after buying an additional 175 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 207 shares in the last quarter. Bay Harbor Wealth Management LLC raised its stake in shares of Apollo Global Management by 5,200.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 260 shares during the period. Finally, Rise Advisors LLC purchased a new position in shares of Apollo Global Management in the 1st quarter valued at $42,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $126.46 on Tuesday. The company has a market cap of $72.34 billion, a PE ratio of 23.64, a P/E/G ratio of 1.42 and a beta of 1.68. The company has a fifty day moving average price of $132.37 and a two-hundred day moving average price of $136.16. 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 12 month low of $102.58 and a 12 month high of $189.49.

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 analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The company had revenue of $6,550,000 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $1.64 earnings per share. Research analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business 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. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, August 18th. Apollo Global Management’s payout ratio is presently 38.13%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on APO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday, October 8th. Wells Fargo & Company increased their target price on Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. BMO Capital Markets initiated coverage on Apollo Global Management in a report on Friday, October 3rd. They set a “market perform” rating and a $132.00 target price on the stock. Wall Street Zen cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Citigroup dropped their price objective on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.57.

Insider Activity

In related news, insider Leon D. Black sold 915,000 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the transaction, the insider directly owned 4,526,000 shares in the company, valued at $606,619,780. This represents a 16.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $657,135.00. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 935,000 shares of company stock valued at $125,543,790. 8.50% of the stock is currently owned by insiders.

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.