Elo Mutual Pension Insurance Co Trims Position in Apollo Global Management, Inc. (NYSE:APO)

Elo Mutual Pension Insurance Co cut its stake in Apollo Global Management, Inc. (NYSE:APO) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,883 shares of the financial services provider’s stock after selling 1,418 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Apollo Global Management were worth $4,120,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Jump Financial LLC raised its holdings in Apollo Global Management by 50.9% in the fourth quarter. Jump Financial LLC now owns 4,878 shares of the financial services provider’s stock valued at $455,000 after buying an additional 1,645 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Apollo Global Management by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,012,870 shares of the financial services provider’s stock valued at $94,398,000 after acquiring an additional 14,303 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in Apollo Global Management by 7.0% during the 4th quarter. Beacon Pointe Advisors LLC now owns 7,920 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 516 shares during the period. PNC Financial Services Group Inc. increased its holdings in Apollo Global Management by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 27,775 shares of the financial services provider’s stock valued at $2,588,000 after purchasing an additional 117 shares in the last quarter. Finally, Balentine LLC raised its position in Apollo Global Management by 10.6% in the fourth quarter. Balentine LLC now owns 2,724 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 262 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards acquired 2,351 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $104.92 per share, with a total value of $246,666.92. Following the acquisition, the director now directly owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on APO shares. TD Cowen upped their target price on Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Redburn Partners began coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Redburn Atlantic initiated coverage on Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. UBS Group raised their price target on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. Finally, Barclays cut their price target on shares of Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.06.

Apollo Global Management Stock Down 0.2 %

Shares of Apollo Global Management stock opened at $117.57 on Thursday. Apollo Global Management, Inc. has a twelve month low of $77.11 and a twelve month high of $126.45. The stock has a market capitalization of $66.80 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.13 and a beta of 1.61. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The business’s 50 day simple moving average is $113.58 and its 200-day simple moving average is $113.49.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same quarter in the previous year, the business posted $1.54 earnings per share. Equities research analysts forecast that Apollo Global Management, Inc. will post 6.62 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

About Apollo Global Management

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.