Apollo Global Management Inc. $APO Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. cut its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 65.6% in the fourth quarter, HoldingsChannel reports. The firm owned 3,462 shares of the financial services provider’s stock after selling 6,588 shares during the period. Twin Capital Management Inc.’s holdings in Apollo Global Management were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Motco increased its holdings in Apollo Global Management by 0.4% in the fourth quarter. Motco now owns 92,038 shares of the financial services provider’s stock valued at $13,323,000 after buying an additional 343 shares in the last quarter. Leonteq Securities AG purchased a new position in Apollo Global Management in the fourth quarter valued at $2,211,000. ABN Amro Investment Solutions increased its holdings in Apollo Global Management by 317.2% in the fourth quarter. ABN Amro Investment Solutions now owns 19,652 shares of the financial services provider’s stock valued at $2,845,000 after buying an additional 14,942 shares in the last quarter. Rathbones Group PLC purchased a new position in Apollo Global Management in the fourth quarter valued at $239,000. Finally, IFP Advisors Inc increased its holdings in Apollo Global Management by 75.7% in the fourth quarter. IFP Advisors Inc now owns 22,553 shares of the financial services provider’s stock valued at $3,265,000 after buying an additional 9,715 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on APO. JPMorgan Chase & Co. cut their price objective on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. Morgan Stanley reduced their price target on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, BMO Capital Markets reduced their price target on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.38.

Apollo Global Management Stock Down 1.0%

APO opened at $130.98 on Friday. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $157.28. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $118.36 and a 200 day moving average price of $127.96. The company has a market cap of $75.51 billion, a PE ratio of 83.43, a price-to-earnings-growth ratio of 1.11 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. Sell-side analysts expect that Apollo Global Management Inc. will post 8.32 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.5625 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio is currently 143.31%.

Apollo Global Management Profile

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.