Bamco Inc. NY Has $22.33 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

Bamco Inc. NY lowered its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 1.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,229 shares of the financial services provider's stock after selling 2,200 shares during the period. Bamco Inc. NY's holdings in Apollo Global Management were worth $22,334,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the sale, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This represents a 1.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company's stock.

Analysts Set New Price Targets

APO has been the subject of several analyst reports. TD Cowen lowered their target price on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Citigroup cut their price objective on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler reduced their target price on Apollo Global Management from $202.00 to $193.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Bank of America raised their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Finally, Wells Fargo & Company reduced their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat, Apollo Global Management has an average rating of "Moderate Buy" and a consensus price target of $156.25.

Apollo Global Management Trading Down 1.7 %

NYSE APO opened at $135.49 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The business has a 50 day moving average price of $133.18 and a 200-day moving average price of $153.05. The company has a market cap of $77.29 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 1.17 and a beta of 1.66.

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 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. The business's quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.72 EPS. As a group, equities analysts expect that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.51%. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is 25.31%.

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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