Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Xponance Inc.

Xponance Inc. lessened its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 14.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,221 shares of the financial services provider’s stock after selling 12,406 shares during the quarter. Xponance Inc.’s holdings in Apollo Global Management were worth $8,999,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in shares of Apollo Global Management by 0.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 27,775 shares of the financial services provider’s stock valued at $2,588,000 after buying an additional 117 shares in the last quarter. Quest Partners LLC purchased a new position in Apollo Global Management during the fourth quarter valued at approximately $83,000. Cambridge Investment Research Advisors Inc. grew its position in Apollo Global Management by 49.3% during 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 purchasing an additional 17,361 shares in the last quarter. US Bancorp DE increased its stake in Apollo Global Management by 24.2% in the 4th quarter. US Bancorp DE now owns 8,263 shares of the financial services provider’s stock valued at $770,000 after buying an additional 1,608 shares during the period. Finally, SageView Advisory Group LLC lifted its position in Apollo Global Management by 9.7% in the 4th quarter. SageView Advisory Group LLC now owns 2,751 shares of the financial services provider’s stock worth $279,000 after buying an additional 244 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Redburn Partners began coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Evercore ISI increased their price objective 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. Redburn Atlantic assumed coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Argus reduced their price objective on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $129.06.

Apollo Global Management Trading Up 0.6 %

APO opened at $125.22 on Tuesday. The firm has a 50 day simple moving average of $113.69 and a 200 day simple moving average of $113.83. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $126.93. The company has a market cap of $71.15 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. 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 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 net margin of 21.90% and a return on equity of 16.98%. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. During the same quarter last year, the business posted $1.54 earnings per share. On average, sell-side analysts anticipate that Apollo Global Management, Inc. will post 6.62 earnings per share for the current year.

Apollo Global Management Cuts Dividend

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

Insider Buying and Selling

In other news, Director Pauline Richards bought 2,351 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were purchased 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 in the company, valued at $9,007,801.68. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 8.50% of the stock is currently owned by company insiders.

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.