Amalgamated Bank Sells 1,850 Shares of Apollo Global Management, Inc. (NYSE:APO)

Amalgamated Bank lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,585 shares of the financial services provider’s stock after selling 1,850 shares during the period. Amalgamated Bank’s holdings in Apollo Global Management were worth $3,965,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. DSM Capital Partners LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $31,000. True Wealth Design LLC bought a new stake in Apollo Global Management during the fourth quarter valued at $33,000. Cullen Frost Bankers Inc. acquired a new stake in Apollo Global Management during the 2nd quarter worth about $35,000. Carolinas Wealth Consulting LLC bought a new position in shares of Apollo Global Management in the 4th quarter worth about $38,000. Finally, J.Safra Asset Management Corp lifted its stake in shares of Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 305 shares during the period. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on APO shares. Keefe, Bruyette & Woods increased their target price on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. TD Cowen increased their price objective on shares of Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Evercore ISI boosted their target price on Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Deutsche Bank Aktiengesellschaft cut their price target on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Redburn Partners began coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. One equities 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.06.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $124.48 on Monday. The business has a fifty day moving average price of $113.64 and a 200-day moving average price of $113.73. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $70.72 billion, a PE ratio of 13.79, a PEG ratio of 1.13 and a beta of 1.61. Apollo Global Management, Inc. has a 1-year low of $77.11 and a 1-year high of $126.45.

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

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.49%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insider Buying and Selling

In related news, Director Pauline Richards bought 2,351 shares of the stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the purchase, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Company Profile

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.