Xponance Inc. Lowers Position in Apollo Global Management, Inc. (NYSE:APO)

Xponance Inc. decreased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,387 shares of the financial services provider’s stock after selling 2,435 shares during the quarter. Xponance Inc.’s holdings in Apollo Global Management were worth $6,746,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Strategic Blueprint LLC raised its position in shares of Apollo Global Management by 42.4% during the 4th quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider’s stock valued at $4,341,000 after buying an additional 13,870 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Apollo Global Management by 129.8% during the 4th quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock valued at $61,497,000 after purchasing an additional 371,721 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Apollo Global Management by 39.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 185,206 shares of the financial services provider’s stock worth $17,259,000 after buying an additional 52,063 shares during the last quarter. Raymond James & Associates boosted its stake in Apollo Global Management by 3.5% in the fourth quarter. Raymond James & Associates now owns 1,073,419 shares of the financial services provider’s stock worth $100,032,000 after buying an additional 36,748 shares in the last quarter. Finally, Pathstone Family Office LLC grew its position in Apollo Global Management by 28.6% during the third quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 6,000 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. BMO Capital Markets boosted their target price on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. initiated coverage on Apollo Global Management in a research report on Wednesday, February 28th. They issued an “overweight” rating and a $122.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.25.

Insider Activity

In related news, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the transaction, the insider now directly owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Leon D. Black sold 450,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total value of $49,819,500.00. Following the sale, the insider now owns 42,604,773 shares in the company, valued at approximately $4,716,774,418.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the sale, the insider now directly owns 1,454,588 shares in the company, valued at $158,782,826.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Corporate insiders own 8.70% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $107.62 on Friday. Apollo Global Management, Inc. has a 1 year low of $57.50 and a 1 year high of $117.15. The stock has a market capitalization of $61.15 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.90 and a beta of 1.63. The company’s 50-day moving average is $111.17 and its 200 day moving average is $98.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.11. The firm had revenue of $795.00 million during the quarter, compared to analyst estimates of $823.27 million. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. On average, sell-side analysts expect that Apollo Global Management, Inc. will post 7.44 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management’s dividend payout ratio is currently 20.45%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.