Amalgamated Bank Sells 5,281 Shares of Apollo Global Management Inc. $APO

Amalgamated Bank decreased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 5.4% in the second quarter, HoldingsChannel reports. The firm owned 92,320 shares of the financial services provider’s stock after selling 5,281 shares during the quarter. Amalgamated Bank’s holdings in Apollo Global Management were worth $13,097,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GW&K Investment Management LLC grew its holdings in shares of Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 87 shares during the period. Activest Wealth Management grew its holdings in shares of Apollo Global Management by 875.0% during the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 175 shares during the period. Rosenberg Matthew Hamilton grew its holdings in shares of Apollo Global Management by 6,900.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 207 shares during the period. Bay Harbor Wealth Management LLC grew its holdings in shares of Apollo Global Management by 5,200.0% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock worth $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 during the 1st quarter worth approximately $42,000. Institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on APO shares. Evercore ISI upped their target price on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Citigroup reduced their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $162.57.

Insider Activity

In other news, CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares of the company’s stock, valued at $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Whitney Chatterjee sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider directly owned 83,192 shares of the company’s stock, valued at $12,148,527.76. The trade was a 5.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 935,000 shares of company stock valued at $125,543,790 over the last three months. Insiders own 8.20% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO opened at $123.51 on Friday. The business’s fifty day simple moving average is $131.69 and its two-hundred day simple moving average is $136.07. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The company has a market cap of $70.65 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 1.42 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 the consensus estimate 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 business had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted $1.64 EPS. Research analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

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

Apollo Global Management 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.