Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,379 shares of the financial services provider's stock after selling 5,945 shares during the quarter. Cresset Asset Management LLC's holdings in Apollo Global Management were worth $2,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in APO. Crestline Management LP increased its stake in shares of Apollo Global Management by 633.9% during the 4th quarter. Crestline Management LP now owns 35,629 shares of the financial services provider's stock valued at $5,884,000 after acquiring an additional 30,774 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Apollo Global Management by 17.6% in the fourth quarter. Cetera Investment Advisers now owns 64,609 shares of the financial services provider's stock valued at $10,671,000 after purchasing an additional 9,657 shares during the period. Cercano Management LLC boosted its stake in shares of Apollo Global Management by 13,091.0% during the 4th quarter. Cercano Management LLC now owns 297,985 shares of the financial services provider's stock valued at $49,215,000 after buying an additional 295,726 shares during the last quarter. Cahill Financial Advisors Inc. bought a new position in Apollo Global Management during the 4th quarter worth approximately $201,000. Finally, Captrust Financial Advisors grew its position in shares of Apollo Global Management by 151.2% during the 4th quarter. Captrust Financial Advisors now owns 7,559 shares of the financial services provider's stock valued at $1,249,000 after buying an additional 4,550 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of NYSE APO traded up $1.78 during mid-day trading on Tuesday, reaching $145.23. The company's stock had a trading volume of 3,897,998 shares, compared to its average volume of 3,899,696. The stock has a 50-day moving average of $131.87 and a two-hundred day moving average of $152.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $82.85 billion, a P/E ratio of 19.87, a P/E/G ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The company's revenue was down 21.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.72 earnings per share. On average, equities research analysts anticipate that Apollo Global Management, Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.40%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 16th. Apollo Global Management's dividend payout ratio (DPR) is 35.73%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the firm's stock in a transaction on Friday, April 4th. The stock was bought at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the purchase, the insider now directly owns 621,754 shares of the company's stock, valued at $69,257,178.06. This represents a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 509,000 shares of company stock valued at $72,321,680 in the last three months. 8.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Cowen restated a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Citigroup cut their target price on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. TD Cowen lowered their price target on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley decreased their target price on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Barclays lifted their target price on Apollo Global Management from $145.00 to $156.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $157.89.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.