Apollo Global Management Inc. $APO Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in Apollo Global Management Inc. (NYSE:APO) by 9.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 52,649 shares of the financial services provider’s stock after selling 5,262 shares during the period. Oppenheimer & Co. Inc.’s holdings in Apollo Global Management were worth $6,110,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of APO. Park Avenue Securities LLC boosted its holdings in Apollo Global Management by 24.0% during the third quarter. Park Avenue Securities LLC now owns 12,544 shares of the financial services provider’s stock worth $1,456,000 after purchasing an additional 2,426 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in Apollo Global Management by 28.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 65,601 shares of the financial services provider’s stock valued at $7,614,000 after buying an additional 14,524 shares during the last quarter. Apollon Wealth Management LLC lifted its position in Apollo Global Management by 195.4% during the 3rd quarter. Apollon Wealth Management LLC now owns 51,262 shares of the financial services provider’s stock worth $5,949,000 after buying an additional 33,911 shares in the last quarter. Access Investment Management LLC lifted its position in Apollo Global Management by 7.3% during the 3rd quarter. Access Investment Management LLC now owns 151,846 shares of the financial services provider’s stock worth $17,399,000 after buying an additional 10,284 shares in the last quarter. Finally, Hilton Head Capital Partners LLC boosted its stake in shares of Apollo Global Management by 295.3% during the 3rd quarter. Hilton Head Capital Partners LLC now owns 2,506 shares of the financial services provider’s stock worth $291,000 after buying an additional 1,872 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Down 0.5%

Apollo Global Management stock opened at $113.65 on Thursday. The stock has a market cap of $67.11 billion, a P/E ratio of 41.63, a P/E/G ratio of 1.04 and a beta of 1.58. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The company’s 50-day moving average price is $122.89 and its two-hundred day moving average price is $123.84.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the firm earned $1.92 earnings per share. As a group, analysts expect that Apollo Global Management Inc. will post 7.96 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, August 19th. Apollo Global Management’s payout ratio is currently 82.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on APO. Rothschild & Co Redburn lifted their target price on Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada upped their target price on Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Morgan Stanley reduced their price target on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. BMO Capital Markets reduced their price target on Apollo Global Management from $134.00 to $124.00 and set a “market perform” rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group decreased their price target on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.40.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.30% of the stock is owned by insiders.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.