Central Bank & Trust Co. Sells 969 Shares of Apollo Global Management Inc. $APO

Central Bank & Trust Co. lowered its position in Apollo Global Management Inc. (NYSE:APO) by 10.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,594 shares of the financial services provider’s stock after selling 969 shares during the period. Central Bank & Trust Co.’s holdings in Apollo Global Management were worth $1,219,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vivaldi Capital Management LP grew its holdings in shares of Apollo Global Management by 2.1% in the fourth quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider’s stock worth $566,000 after acquiring an additional 71 shares during the period. Y.D. More Investments Ltd grew its holdings in shares of Apollo Global Management by 14.4% in the first quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 78 shares during the period. Walled Lake Planning & Wealth Management LLC grew its holdings in shares of Apollo Global Management by 3.3% in the first quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 80 shares during the period. GW&K Investment Management LLC grew its holdings in shares of Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 87 shares during the period. Finally, CVA Family Office LLC grew its holdings in shares of Apollo Global Management by 19.7% in the first quarter. CVA Family Office LLC now owns 534 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 88 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 0.5%

Shares of APO stock opened at $138.73 on Tuesday. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $189.49. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $141.82 and its 200-day moving average price is $136.85. The stock has a market capitalization of $79.36 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.49 and a beta of 1.69.

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. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The company had revenue of $6,550,000 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. Equities research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 18th. Apollo Global Management’s payout ratio is presently 38.13%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the sale, the insider directly owned 83,192 shares of the company’s stock, valued at $12,148,527.76. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the sale, the chief financial officer directly owned 332,399 shares in the company, valued at $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 935,000 shares of company stock valued at $125,543,790 over the last ninety days. 8.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on APO. Evercore ISI lifted their price objective on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Barclays lifted their target price on Apollo Global Management from $156.00 to $168.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Wells Fargo & Company lifted their target price on Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Finally, Citigroup lifted their target price on Apollo Global Management from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $164.56.

About Apollo Global Management

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.