Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Mudita Advisors LLP

Mudita Advisors LLP reduced its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 73.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 49,570 shares of the financial services provider's stock after selling 139,000 shares during the period. Apollo Global Management comprises 4.6% of Mudita Advisors LLP's holdings, making the stock its 8th largest position. Mudita Advisors LLP's holdings in Apollo Global Management were worth $8,187,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of APO. Graypoint LLC lifted its stake in Apollo Global Management by 12.0% in the 4th quarter. Graypoint LLC now owns 1,988 shares of the financial services provider's stock valued at $328,000 after purchasing an additional 213 shares during the last quarter. Czech National Bank acquired a new stake in Apollo Global Management in the 4th quarter valued at about $16,007,000. Brookstone Capital Management acquired a new stake in Apollo Global Management in the 4th quarter valued at about $441,000. Westmount Partners LLC lifted its stake in Apollo Global Management by 1.8% in the 4th quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider's stock valued at $841,000 after purchasing an additional 91 shares during the last quarter. Finally, Wedmont Private Capital lifted its stake in Apollo Global Management by 4.1% in the 4th quarter. Wedmont Private Capital now owns 5,132 shares of the financial services provider's stock valued at $797,000 after purchasing an additional 201 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APO. TD Cowen lowered their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Piper Sandler lowered their price target on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Barclays increased their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Cowen reissued a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Finally, Citigroup lowered their price target on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $157.89.

Insider Activity at Apollo Global Management

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

Apollo Global Management Stock Up 8.3%

Shares of APO opened at $143.46 on Tuesday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The firm's 50 day moving average is $131.87 and its 200-day moving average is $152.59. The stock has a market capitalization of $81.84 billion, a PE ratio of 19.63, a P/E/G ratio of 1.17 and a beta of 1.67. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

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

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.42%. 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 (DPR) is 35.73%.

Apollo Global Management Company 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.

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