Amundi Has $164.98 Million Stock Position in Apollo Global Management Inc. $APO

Amundi lowered its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 16.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,394,459 shares of the financial services provider's stock after selling 279,035 shares during the quarter. Amundi owned about 0.24% of Apollo Global Management worth $164,978,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in APO. Schnieders Capital Management LLC. bought a new position in shares of Apollo Global Management during the second quarter valued at about $7,954,000. Baird Financial Group Inc. boosted its position in Apollo Global Management by 117.5% in the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider's stock worth $2,287,000 after purchasing an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Apollo Global Management by 4.8% in the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider's stock worth $949,000 after purchasing an additional 305 shares during the last quarter. Nebula Research & Development LLC bought a new position in Apollo Global Management in the 2nd quarter valued at $722,000. Finally, Northern Right Capital Management L.P. grew its stake in Apollo Global Management by 1.5% in the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider's stock valued at $24,542,000 after purchasing an additional 2,500 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares of the company's stock, valued at $55,847,707.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Apollo Global Management from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. UBS Group boosted their price target on shares of Apollo Global Management from $157.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Piper Sandler reduced their price target on shares of Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, July 13th. Barclays raised their price objective on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Finally, TD Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $152.15.

Apollo Global Management Trading Down 1.3%

Shares of Apollo Global Management stock opened at $131.91 on Wednesday. The stock has a market capitalization of $77.90 billion, a P/E ratio of 48.32, a P/E/G ratio of 1.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The stock's 50-day simple moving average is $127.67 and its 200 day simple moving average is $123.14. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.16 by ($0.05). The business had revenue of $5.57 billion during the quarter, compared to analysts' expectations of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same quarter in the prior year, the firm posted $1.92 earnings per share. As a group, research analysts anticipate that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a $0.5625 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. Apollo Global Management's dividend payout ratio is currently 82.42%.

About Apollo Global Management

Apollo Global Management, Inc NYSE: APO is a global alternative asset manager that provides investment management and retirement services. The company serves institutional investors, businesses and individual investors through a range of strategies focused on private equity, credit, real assets and other long-term investments.

Apollo's asset-management business invests across industries and geographies, with activities that include corporate and structured credit, private equity, infrastructure, real estate and hybrid strategies.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.