SMH Capital Advisors Inc. Sells 145 Shares of Apollo Global Management, Inc. (NYSE:APO)

SMH Capital Advisors Inc. lessened its position in Apollo Global Management, Inc. (NYSE:APO) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,061 shares of the financial services provider’s stock after selling 145 shares during the period. Apollo Global Management accounts for about 2.4% of SMH Capital Advisors Inc.’s portfolio, making the stock its 6th biggest holding. SMH Capital Advisors Inc.’s holdings in Apollo Global Management were worth $1,124,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of APO. Apollon Wealth Management LLC increased its holdings in Apollo Global Management by 2.6% in the fourth quarter. Apollon Wealth Management LLC now owns 16,712 shares of the financial services provider’s stock valued at $1,557,000 after purchasing an additional 419 shares during the period. Fielder Capital Group LLC bought a new stake in Apollo Global Management in the fourth quarter valued at approximately $373,000. Machina Capital S.A.S. acquired a new stake in Apollo Global Management during the 4th quarter valued at approximately $273,000. Maryland State Retirement & Pension System lifted its position in shares of Apollo Global Management by 1.9% in the 4th quarter. Maryland State Retirement & Pension System now owns 40,597 shares of the financial services provider’s stock worth $3,783,000 after purchasing an additional 760 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of Apollo Global Management by 14.3% in the 4th quarter. Private Advisor Group LLC now owns 7,956 shares of the financial services provider’s stock valued at $741,000 after purchasing an additional 994 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APO has been the subject of a number of recent analyst reports. Morgan Stanley increased their price target on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Keefe, Bruyette & Woods lifted their target price on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Evercore ISI increased their price target on Apollo Global Management from $120.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Finally, JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.31.

Apollo Global Management Stock Down 0.5 %

APO traded down $0.55 during mid-day trading on Wednesday, reaching $112.63. 797,621 shares of the stock were exchanged, compared to its average volume of 2,346,014. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $63.99 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61. The company has a 50 day moving average price of $111.17 and a two-hundred day moving average price of $100.56. Apollo Global Management, Inc. has a 1 year low of $59.89 and a 1 year high of $117.15.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $823.27 million. Apollo Global Management had a return on equity of 20.77% and a net margin of 16.27%. As a group, research analysts anticipate that Apollo Global Management, Inc. will post 7.43 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, May 16th. Apollo Global Management’s payout ratio is currently 20.49%.

Insider Activity at Apollo Global Management

In related news, insider Whitney Chatterjee sold 12,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following the sale, the insider now directly owns 123,901 shares in the company, valued at approximately $13,765,401.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Apollo Global Management news, insider Leon D. Black sold 450,000 shares of Apollo Global Management stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the completion of the transaction, the insider now owns 42,604,773 shares of the company’s stock, valued at approximately $4,716,774,418.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Whitney Chatterjee sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following the completion of the sale, the insider now directly owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Company 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.