Montanova Capital LLC Sells 4,400 Shares of Apollo Global Management Inc. $APO

Montanova Capital LLC decreased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 383,300 shares of the financial services provider’s stock after selling 4,400 shares during the quarter. Montanova Capital LLC owned about 0.06% of Apollo Global Management worth $45,348,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new stake in shares of Apollo Global Management in the first quarter worth $29,000. Steigerwald Gordon & Koch Inc. boosted its stake in Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 213 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new position in Apollo Global Management in the 2nd quarter worth about $31,000. Osbon Capital Management LLC purchased a new stake in Apollo Global Management during the 4th quarter valued at about $36,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Apollo Global Management during the 2nd quarter valued at about $38,000. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.30% of the stock is owned by company insiders.

Analyst Ratings Changes

APO has been the subject of several recent analyst reports. BMO Capital Markets decreased their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a report on Monday, July 13th. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 6th. HSBC started coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They set a “buy” rating and a $145.00 price target for the company. Royal Bank Of Canada upped their price objective on Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Finally, Morgan Stanley cut their target price on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Apollo Global Management Stock Performance

Shares of APO opened at $136.99 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The firm has a market capitalization of $80.90 billion, a P/E ratio of 50.18, a PEG ratio of 1.22 and a beta of 1.51. The business has a fifty day moving average of $126.26 and a 200 day moving average of $122.82.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period in the prior year, the company posted $1.92 EPS. As a group, sell-side analysts anticipate that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were given a dividend of $0.5625 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.6%. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Apollo Global Management Company 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.