Apollo Global Management, Inc. (NYSE:APO) Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. decreased its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 33.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 341,000 shares of the financial services provider’s stock after selling 169,000 shares during the period. LGT Capital Partners LTD.’s holdings in Apollo Global Management were worth $31,778,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of APO. Vanguard Group Inc. increased its holdings in Apollo Global Management by 87.8% during the 1st quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock worth $2,316,818,000 after purchasing an additional 17,476,830 shares during the last quarter. BlackRock Inc. grew its stake in Apollo Global Management by 2.1% in the second quarter. BlackRock Inc. now owns 28,055,194 shares of the financial services provider’s stock worth $2,154,919,000 after purchasing an additional 564,330 shares in the last quarter. FMR LLC lifted its holdings in Apollo Global Management by 18.9% during the 3rd quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock worth $892,973,000 after buying an additional 1,584,201 shares during the last quarter. State Street Corp boosted its holdings in Apollo Global Management by 2.3% in the second quarter. State Street Corp now owns 9,723,819 shares of the financial services provider’s stock worth $746,887,000 after purchasing an additional 218,332 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of Apollo Global Management by 1.0% in the 1st quarter. Clearbridge Investments LLC now owns 7,859,123 shares of the financial services provider’s stock worth $487,187,000 after buying an additional 78,795 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Down 1.0 %

Apollo Global Management stock opened at $112.45 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management, Inc. has a 12 month low of $57.50 and a 12 month high of $116.55. The company’s fifty day simple moving average is $108.19 and its 200-day simple moving average is $96.14. The stock has a market cap of $63.89 billion, a P/E ratio of 13.37, a P/E/G ratio of 0.96 and a beta of 1.64.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.11. The business had revenue of $795.00 million during the quarter, compared to analyst estimates of $823.27 million. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. As a group, sell-side analysts forecast that Apollo Global Management, Inc. will post 7.48 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management’s dividend payout ratio is presently 20.45%.

Wall Street Analyst Weigh In

APO has been the subject of a number of research reports. Citigroup lifted their target price on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Barclays upped their price target on shares of Apollo Global Management from $118.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. started coverage on shares of Apollo Global Management in a research note on Wednesday, February 28th. They issued an “overweight” rating and a $122.00 price target on the stock. Finally, TD Cowen assumed coverage on Apollo Global Management in a research report on Thursday, January 4th. They set an “outperform” rating and a $115.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.92.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the transaction, the chief financial officer now owns 366,572 shares in the company, valued at $39,989,339.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the completion of the sale, the chief financial officer now directly owns 366,572 shares in the company, valued at $39,989,339.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total value of $55,720,000.00. Following the completion of the transaction, the insider now owns 44,104,773 shares in the company, valued at $4,915,035,903.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,426,000 shares of company stock valued at $158,226,960. Corporate insiders own 8.70% of the company’s stock.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.