Gamco Investors INC. ET AL Has $402,000 Stake in Apollo Global Management, Inc. (NYSE:APO)


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Gamco Investors INC. ET AL decreased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 19.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,200 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Apollo Global Management were worth $402,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of APO. Amundi Pioneer Asset Management Inc. raised its stake in Apollo Global Management by 46.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 588,058 shares of the financial services provider’s stock worth $16,613,000 after purchasing an additional 186,658 shares in the last quarter. Xponance Inc. raised its stake in Apollo Global Management by 8.8% in the 3rd quarter. Xponance Inc. now owns 8,915 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 722 shares in the last quarter. Strategic Blueprint LLC acquired a new stake in Apollo Global Management in the 3rd quarter worth about $296,000. KBC Group NV acquired a new stake in Apollo Global Management in the 3rd quarter worth about $932,000. Finally, Genesee Capital Advisors LLC increased its holdings in Apollo Global Management by 1.4% in the 3rd quarter. Genesee Capital Advisors LLC now owns 31,283 shares of the financial services provider’s stock valued at $1,399,000 after buying an additional 432 shares during the period. Institutional investors and hedge funds own 71.95% of the company’s stock.

Shares of Apollo Global Management stock opened at $51.00 on Tuesday. The firm has a market capitalization of $11.67 billion, a PE ratio of -60.71, a price-to-earnings-growth ratio of 5.26 and a beta of 1.62. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. The firm’s 50 day moving average is $48.83 and its 200 day moving average is $46.21. Apollo Global Management, Inc. has a 1 year low of $19.46 and a 1 year high of $55.38.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, February 2nd. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.22. The company had revenue of $519.79 million for the quarter, compared to the consensus estimate of $480.07 million. During the same period last year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. As a group, research analysts anticipate that Apollo Global Management, Inc. will post 1.81 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 26th. Investors of record on Friday, February 19th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, February 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.40 annualized dividend and a yield of 4.71%. Apollo Global Management’s dividend payout ratio (DPR) is currently 88.56%.

In related news, insider Scott Kleinman sold 120,000 shares of Apollo Global Management stock in a transaction that occurred on Friday, February 19th. The shares were sold at an average price of $52.09, for a total transaction of $6,250,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 2,800 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, January 27th. The stock was sold at an average price of $50.01, for a total transaction of $140,028.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,092,465 shares of company stock worth $55,931,705. 9.30% of the stock is owned by corporate insiders.

Several equities analysts have commented on the stock. Evercore ISI raised shares of Apollo Global Management from an “in-line” rating to an “outperform” rating and set a $52.00 target price on the stock in a report on Monday, October 26th. Oppenheimer reissued a “hold” rating on shares of Apollo Global Management in a report on Tuesday, October 27th. Wells Fargo & Company raised their target price on shares of Apollo Global Management from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, January 11th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Apollo Global Management from $49.00 to $51.00 and gave the company a “hold” rating in a report on Friday, December 18th. Finally, TheStreet raised shares of Apollo Global Management from a “c+” rating to a “b-” rating in a report on Monday, February 8th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.09.

About Apollo Global Management

Apollo Global Management, Inc is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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