LRT Capital Management LLC Sells 6,913 Shares of Apollo Global Management, Inc. (NYSE:APO)

LRT Capital Management LLC lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 47.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,802 shares of the financial services provider's stock after selling 6,913 shares during the quarter. LRT Capital Management LLC's holdings in Apollo Global Management were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Diversified Trust Co purchased a new position in shares of Apollo Global Management in the fourth quarter valued at about $261,000. Graypoint LLC raised its stake in Apollo Global Management by 12.0% during 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 period. Czech National Bank purchased a new position in Apollo Global Management in the 4th quarter worth approximately $16,007,000. Brookstone Capital Management bought a new position in Apollo Global Management in the 4th quarter worth approximately $441,000. Finally, Westmount Partners LLC grew its holdings in Apollo Global Management by 1.8% during the 4th quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider's stock valued at $841,000 after buying an additional 91 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 4,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the sale, the chief financial officer now directly owns 373,164 shares of the company's stock, valued at $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the transaction, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company's stock.

Wall Street Analyst Weigh In

APO has been the subject of a number of research reports. Raymond James assumed coverage on shares of Apollo Global Management in a research report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 target price for the company. TD Cowen dropped their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Cowen restated a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Barclays boosted their target price on Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company cut their price target on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.89.

Apollo Global Management Trading Up 0.1%

Shares of Apollo Global Management stock traded up $0.16 during trading on Thursday, hitting $144.40. The stock had a trading volume of 2,923,027 shares, compared to its average volume of 3,902,879. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The stock has a market cap of $82.38 billion, a PE ratio of 19.75, a PEG ratio of 1.17 and a beta of 1.67. The firm's fifty day simple moving average is $132.32 and its 200-day simple moving average is $152.48.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The company's revenue for the quarter was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.72 earnings per share. As a group, sell-side analysts expect 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. Shareholders of record on Friday, May 16th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.41%. 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 is currently 35.73%.

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.