William Blair Investment Management LLC Decreases Holdings in Apollo Global Management Inc. $APO

William Blair Investment Management LLC trimmed its position in shares of Apollo Global Management Inc. (NYSE:APOFree Report) by 99.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,597 shares of the financial services provider’s stock after selling 919,898 shares during the period. William Blair Investment Management LLC’s holdings in Apollo Global Management were worth $879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Delos Wealth Advisors LLC purchased a new position in shares of Apollo Global Management in the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp grew its stake in Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in Apollo Global Management by 1,123.5% in the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 191 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of Apollo Global Management in the 2nd quarter valued at about $30,000. Finally, Andra AP fonden purchased a new stake in Apollo Global Management in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $107.19 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The firm’s 50-day simple moving average is $133.63 and its 200 day simple moving average is $133.53. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28. The firm has a market capitalization of $62.22 billion, a PE ratio of 19.42, a P/E/G ratio of 0.86 and a beta of 1.60.

Apollo Global Management (NYSE:APOGet Free Report) last announced its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. During the same period in the prior year, the business posted $2.39 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 19th were issued a dividend of $0.51 per share. The ex-dividend date was Thursday, February 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.9%. Apollo Global Management’s dividend payout ratio (DPR) is 36.96%.

More Apollo Global Management News

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Analyst Ratings Changes

A number of research firms recently issued reports on APO. Royal Bank Of Canada started coverage on shares of Apollo Global Management in a research note on Monday, February 23rd. They issued a “sector perform” rating and a $142.00 price target on the stock. Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. BMO Capital Markets set a $136.00 target price on shares of Apollo Global Management and gave the company a “market perform” rating in a research report on Tuesday, November 25th. Barclays reduced their price target on shares of Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Morgan Stanley increased their price target on Apollo Global Management from $180.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.47.

View Our Latest Report on APO

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.

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

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