Silvant Capital Management LLC Sells 29,272 Shares of Apollo Global Management Inc. $APO

Silvant Capital Management LLC trimmed its holdings in Apollo Global Management Inc. (NYSE:APOFree Report) by 67.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,029 shares of the financial services provider’s stock after selling 29,272 shares during the period. Silvant Capital Management LLC’s holdings in Apollo Global Management were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APO. Fortress Financial Solutions LLC lifted its stake in Apollo Global Management by 1.6% in the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 74 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in Apollo Global Management by 44.0% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 77 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Apollo Global Management by 1.4% in the third quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 78 shares during the period. Cynosure Group LLC boosted its position in shares of Apollo Global Management by 2.6% during the 3rd quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 85 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in Apollo Global Management by 8.5% in the third quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, February 12th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of Apollo Global Management in a research report on Monday, February 9th. Piper Sandler reiterated an “overweight” rating and set a $165.00 price target on shares of Apollo Global Management in a report on Tuesday, February 10th. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. Finally, Barclays lowered their price target on Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.47.

Check Out Our Latest Report on APO

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $106.08 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a 50 day moving average price of $129.02 and a 200-day moving average price of $132.40. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The stock has a market cap of $61.34 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 0.87 and a beta of 1.60.

Apollo Global Management (NYSE:APOGet Free Report) last released its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The company’s revenue was up .8% compared to the same quarter last year. During the same period last year, the firm earned $2.39 earnings per share. Equities analysts expect that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, February 19th. Apollo Global Management’s payout ratio is presently 36.96%.

Key Stories Impacting Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

About Apollo Global Management

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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