Sfmg LLC Has $843,000 Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Sfmg LLC cut its holdings in Apollo Global Management, Inc. (NYSE:APO) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,141 shares of the financial services provider’s stock after selling 468 shares during the quarter. Sfmg LLC’s holdings in Apollo Global Management were worth $843,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Apollo Global Management in the second quarter valued at approximately $35,000. J.Safra Asset Management Corp lifted its stake in Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 305 shares during the last quarter. True Wealth Design LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $33,000. Riverview Trust Co acquired a new stake in Apollo Global Management in the first quarter valued at approximately $45,000. Finally, Carolinas Wealth Consulting LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $38,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

NYSE:APO opened at $125.06 on Wednesday. The stock has a market cap of $71.05 billion, a P/E ratio of 13.85, a PEG ratio of 1.13 and a beta of 1.61. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $126.93. The company has a fifty day moving average price of $113.72 and a 200 day moving average price of $113.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

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

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio is 20.49%.

Insider Activity

In other Apollo Global Management news, Director Pauline Richards acquired 2,351 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was bought 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 in the company, valued at approximately $9,007,801.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the subject of a number of analyst reports. Redburn Partners assumed coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Wells Fargo & Company began coverage on shares of Apollo Global Management in a research note on Thursday, September 12th. They issued an “overweight” rating and a $132.00 price objective for the company. Barclays reduced their price objective on shares of Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Keefe, Bruyette & Woods boosted their price objective 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. Finally, StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.06.

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.