Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. reduced its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 71.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,772 shares of the financial services provider's stock after selling 121,162 shares during the quarter. Alyeska Investment Group L.P.'s holdings in Apollo Global Management were worth $7,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $34,000. Byrne Asset Management LLC bought a new position in shares of Apollo Global Management in the 4th quarter worth about $37,000. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at about $39,000. Finally, HM Payson & Co. bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APO. UBS Group decreased their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Raymond James started coverage on Apollo Global Management in a research report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price objective for the company. TD Cowen cut their target price on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Barclays upped their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, Citigroup cut their price objective on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of "Moderate Buy" and an average target price of $155.85.

Apollo Global Management Stock Down 1.2 %

APO opened at $133.81 on Tuesday. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. 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 business has a 50 day moving average price of $132.91 and a 200 day moving average price of $152.97. The firm has a market cap of $76.34 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

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

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.52%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management's dividend payout ratio is currently 25.31%.

Insider Activity

In other news, insider Lb 2018 Gst Trust bought 607,725 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the transaction, the insider now directly owns 621,754 shares in the company, valued at $69,257,178.06. This represents a 4,331.92 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction that occurred 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 directly owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

About Apollo Global Management

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.

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management, Inc. (NYSE:APO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.