Apollo Global Management Inc. $APO Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its holdings in Apollo Global Management Inc. (NYSE:APO) by 24.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,553 shares of the financial services provider’s stock after selling 4,034 shares during the quarter. Intech Investment Management LLC’s holdings in Apollo Global Management were worth $1,781,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in APO. GW&K Investment Management LLC lifted its stake in shares of 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 purchasing an additional 87 shares during the period. Activest Wealth Management increased its holdings in Apollo Global Management by 875.0% in the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after buying an additional 175 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position 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 valued at $30,000 after acquiring an additional 207 shares during the period. Andra AP fonden purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $31,000. Finally, Bay Harbor Wealth Management LLC raised its holdings in Apollo Global Management by 5,200.0% during the second quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 260 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of the firm’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 sale, the insider owned 4,526,000 shares in the company, valued at $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APO. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. BMO Capital Markets initiated coverage on shares of Apollo Global Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price target on the stock. Evercore ISI increased their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Apollo Global Management in a research report on Monday. Finally, Barclays increased their target price on Apollo Global Management from $147.00 to $158.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.08.

Apollo Global Management Stock Performance

NYSE:APO opened at $129.96 on Friday. 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 cap of $74.34 billion, a PE ratio of 24.29, a P/E/G ratio of 1.42 and a beta of 1.63. The firm has a 50 day simple moving average of $129.78 and a 200-day simple moving average of $135.91. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a $0.51 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.6%. Apollo Global Management’s payout ratio is 29.82%.

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.