RDST Capital LLC Trims Position in Apollo Global Management, Inc. (NYSE:APO)

RDST Capital LLC reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 293,040 shares of the financial services provider’s stock after selling 14,095 shares during the quarter. Apollo Global Management makes up about 9.1% of RDST Capital LLC’s investment portfolio, making the stock its 5th biggest holding. RDST Capital LLC owned approximately 0.05% of Apollo Global Management worth $34,599,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC lifted its position in shares of Apollo Global Management by 112.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock worth $117,558,000 after buying an additional 552,893 shares during the last quarter. CenterBook Partners LP lifted its holdings in Apollo Global Management by 59.9% in the fourth quarter. CenterBook Partners LP now owns 20,739 shares of the financial services provider’s stock worth $1,933,000 after acquiring an additional 7,769 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Apollo Global Management by 49.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 52,576 shares of the financial services provider’s stock valued at $4,900,000 after acquiring an additional 17,361 shares during the period. Empowered Funds LLC grew its holdings in shares of Apollo Global Management by 193.3% during the first quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock valued at $5,755,000 after purchasing an additional 33,731 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of Apollo Global Management during the 1st quarter worth approximately $1,731,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In related news, Director Pauline Richards bought 2,351 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the completion of the transaction, the director now directly 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

NYSE:APO opened at $125.22 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The business’s 50-day moving average price is $113.69 and its 200 day moving average price is $113.83. Apollo Global Management, Inc. has a 52-week low of $77.11 and a 52-week high of $126.93. The firm has a market cap of $71.15 billion, a P/E ratio of 13.87, a PEG ratio of 1.13 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data 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 business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. During the same period in the prior year, the firm earned $1.54 EPS. As a group, sell-side analysts predict that Apollo Global Management, Inc. will post 6.62 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.48%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on APO shares. Redburn Atlantic started coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Barclays lowered their price target on shares of Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Redburn Partners started coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. UBS Group upped their target price 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, Wells Fargo & Company assumed coverage on Apollo Global Management in a report on Thursday, September 12th. They set an “overweight” rating and a $132.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.06.

Apollo Global Management 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.