Apollon Wealth Management LLC Sells 12,844 Shares of Apollo Global Management Inc. $APO

Apollon Wealth Management LLC decreased its holdings in Apollo Global Management Inc. (NYSE:APO) by 44.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,990 shares of the financial services provider’s stock after selling 12,844 shares during the quarter. Apollon Wealth Management LLC’s holdings in Apollo Global Management were worth $1,782,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Swiss National Bank increased its stake in shares of Apollo Global Management by 4.0% in the third quarter. Swiss National Bank now owns 1,257,314 shares of the financial services provider’s stock worth $167,562,000 after purchasing an additional 48,400 shares in the last quarter. Swiss Life Asset Management Ltd lifted its stake in shares of Apollo Global Management by 26.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 48,201 shares of the financial services provider’s stock valued at $6,424,000 after buying an additional 9,936 shares in the last quarter. Onex Canada Asset Management Inc. lifted its stake in shares of Apollo Global Management by 13.9% during the 3rd quarter. Onex Canada Asset Management Inc. now owns 379,431 shares of the financial services provider’s stock valued at $50,566,000 after buying an additional 46,335 shares in the last quarter. Legal & General Group Plc boosted its holdings in Apollo Global Management by 4.5% in the 4th quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after buying an additional 155,857 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Apollo Global Management by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,387,029 shares of the financial services provider’s stock worth $184,930,000 after purchasing an additional 33,402 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on APO shares. UBS Group lifted their price objective on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Piper Sandler upped their target price on shares of Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. TD Cowen cut their target price on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, May 18th. BMO Capital Markets reduced their price target on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a report on Tuesday, March 24th. Finally, Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.23.

Insider Activity at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider directly owned 3,063,696 shares in the company, valued at $400,302,519.36. The trade was a 1.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.30% of the stock is owned by insiders.

Apollo Global Management Stock Up 0.1%

NYSE APO opened at $118.43 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The company has a market capitalization of $68.28 billion, a P/E ratio of 75.43, a P/E/G ratio of 1.02 and a beta of 1.50. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The stock has a 50 day moving average price of $129.17 and a 200-day moving average price of $127.22.

Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the firm posted $1.82 earnings per share. Apollo Global Management’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities analysts predict that Apollo Global Management Inc. will post 8.26 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 19th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio is 143.31%.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.