Apollo Global Management, Inc. (NYSE:APO) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lowered its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,769 shares of the financial services provider’s stock after selling 3,085 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Apollo Global Management were worth $2,122,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. FMR LLC raised its stake in Apollo Global Management by 18.9% during the third quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock worth $892,973,000 after purchasing an additional 1,584,201 shares during the period. Mariner LLC raised its holdings in shares of Apollo Global Management by 0.3% in the 3rd quarter. Mariner LLC now owns 3,648,342 shares of the financial services provider’s stock worth $327,475,000 after purchasing an additional 9,962 shares during the period. Northern Trust Corp lifted its stake in shares of Apollo Global Management by 2.5% in the 3rd quarter. Northern Trust Corp now owns 2,968,775 shares of the financial services provider’s stock valued at $266,477,000 after purchasing an additional 72,111 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Apollo Global Management by 5.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,121,839 shares of the financial services provider’s stock worth $190,456,000 after purchasing an additional 116,062 shares during the period. Finally, William Blair Investment Management LLC increased its position in Apollo Global Management by 11.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,902,972 shares of the financial services provider’s stock worth $170,811,000 after purchasing an additional 191,881 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Down 2.3 %

NYSE APO traded down $2.61 during trading hours on Friday, reaching $109.46. 3,300,741 shares of the company traded hands, compared to its average volume of 2,078,355. Apollo Global Management, Inc. has a 12 month low of $57.50 and a 12 month high of $117.15. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $62.19 billion, a PE ratio of 12.12, a PEG ratio of 0.92 and a beta of 1.61. The company has a 50 day moving average of $111.11 and a two-hundred day moving average of $100.05.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 16.27% and a return on equity of 20.77%. The firm had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. As a group, equities analysts expect that Apollo Global Management, Inc. will post 7.43 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, May 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 19.05%.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 450,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total value of $49,819,500.00. Following the transaction, the insider now directly owns 42,604,773 shares in the company, valued at approximately $4,716,774,418.83. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Leon D. Black sold 450,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were 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 of the company’s stock, valued at approximately $4,716,774,418.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the sale, the insider now directly owns 123,901 shares in the company, valued at approximately $13,765,401.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,426,000 shares of company stock worth $158,226,960. 8.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on APO shares. Evercore ISI lifted their price target on shares of Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company increased their price target on Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, February 9th. BMO Capital Markets boosted their price objective on Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Citigroup increased their target price on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Finally, JPMorgan Chase & Co. boosted their price target on Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $114.31.

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.