Liontrust Investment Partners LLP Has $10.88 Million Stock Position in Apollo Global Management Inc. $APO

Liontrust Investment Partners LLP trimmed its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 15.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 97,603 shares of the financial services provider’s stock after selling 18,388 shares during the period. Liontrust Investment Partners LLP’s holdings in Apollo Global Management were worth $10,875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Schnieders Capital Management LLC. acquired a new position in Apollo Global Management in the 2nd quarter valued at $7,954,000. Baird Financial Group Inc. increased its stake in Apollo Global Management by 117.5% during the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after acquiring an additional 8,709 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Apollo Global Management by 4.8% during the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 305 shares during the period. Nebula Research & Development LLC bought a new stake in Apollo Global Management in the 2nd quarter valued at $722,000. Finally, Northern Right Capital Management L.P. raised its position in Apollo Global Management by 1.5% in the second quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock worth $24,542,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on APO. Wall Street Zen lowered Apollo Global Management from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 25th. Barclays boosted their price objective on shares of Apollo Global Management from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. BMO Capital Markets cut their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. Weiss Ratings downgraded Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada cut their price target on shares of Apollo Global Management from $146.00 to $137.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $149.08.

Apollo Global Management Stock Performance

Shares of APO opened at $120.41 on Friday. The firm has a fifty day simple moving average of $125.39 and a 200 day simple moving average of $123.26. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $69.42 billion, a price-to-earnings ratio of 76.70, a PEG ratio of 1.04 and a beta of 1.50.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.05. The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.Apollo Global Management’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. Research analysts forecast that Apollo Global Management Inc. will post 8.19 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a $0.5625 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. Apollo Global Management’s payout ratio is 143.31%.

Insider Buying and Selling

In related news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.30% of the company’s stock.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.