Apollo Global Management Inc. (NYSE:APO) Shares Sold by Forsta AP Fonden

Forsta AP Fonden decreased its holdings in Apollo Global Management Inc. (NYSE:APO) by 30.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,600 shares of the financial services provider’s stock after selling 41,600 shares during the quarter. Forsta AP Fonden’s holdings in Apollo Global Management were worth $12,818,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Apollo Global Management by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider’s stock worth $75,347,000 after purchasing an additional 7,441 shares during the period. Clearview Wealth Advisors LLC raised its holdings in Apollo Global Management by 420.7% in the 1st quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider’s stock worth $2,952,000 after purchasing an additional 17,418 shares during the period. Toronto Dominion Bank raised its holdings in Apollo Global Management by 209.0% in the 4th quarter. Toronto Dominion Bank now owns 162,659 shares of the financial services provider’s stock worth $26,864,000 after purchasing an additional 110,014 shares during the period. Sowell Financial Services LLC acquired a new position in Apollo Global Management in the 1st quarter worth about $871,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Apollo Global Management in the 1st quarter worth about $492,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insiders Place Their Bets

In related news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the transaction, the insider directly owned 83,192 shares in the company, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the subject of a number of analyst reports. UBS Group reduced their price target on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Morgan Stanley reduced their target price on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Barclays increased their target price on Apollo Global Management from $156.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Citigroup increased their target price on Apollo Global Management from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Finally, Evercore ISI increased their target price on Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.26.

Apollo Global Management Trading Up 0.6%

Shares of Apollo Global Management stock opened at $141.99 on Friday. The firm has a market capitalization of $81.15 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.47 and a beta of 1.62. Apollo Global Management Inc. has a fifty-two week low of $102.42 and a fifty-two week high of $189.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.36 and a current ratio of 1.27. The stock has a 50 day moving average of $141.82 and a 200 day moving average of $141.59.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. The company had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a return on equity of 13.23% and a net margin of 13.25%. During the same period in the prior year, the business posted $1.64 earnings per share. As a group, research analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 18th. Apollo Global Management’s dividend payout ratio is presently 38.13%.

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.