Apollo Global Management Inc. $APO Shares Sold by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management reduced its holdings in Apollo Global Management by 0.2%, now owning approximately 0.86% of the company, valued at $672 million after selling 7,601 shares.
• Multiple institutional investors, including Woodline Partners LP and Kestra Investment Management LLC, increased their stakes significantly during the first quarter, indicating heightened interest in Apollo Global Management.
• Apollo Global Management reported an earnings per share (EPS) of $1.92 for the recent quarter, which exceeded analyst expectations of $1.84, while the company has announced a quarterly dividend of $0.51 per share.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,910,028 shares of the financial services provider's stock after selling 7,601 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.86% of Apollo Global Management worth $672,379,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in APO. Baird Financial Group Inc. boosted its stake in shares of Apollo Global Management by 29.4% during the 4th quarter. Baird Financial Group Inc. now owns 5,452 shares of the financial services provider's stock worth $900,000 after purchasing an additional 1,238 shares during the period. Captrust Financial Advisors boosted its stake in shares of Apollo Global Management by 151.2% during the 4th quarter. Captrust Financial Advisors now owns 7,559 shares of the financial services provider's stock worth $1,249,000 after purchasing an additional 4,550 shares during the period. Fiduciary Trust Co purchased a new position in shares of Apollo Global Management during the 4th quarter worth about $246,000. Focus Partners Wealth boosted its stake in shares of Apollo Global Management by 44.7% during the 4th quarter. Focus Partners Wealth now owns 43,631 shares of the financial services provider's stock worth $7,206,000 after purchasing an additional 13,472 shares during the period. Finally, Meketa Capital LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth about $3,094,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Citigroup boosted their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Evercore ISI boosted their price objective on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Barclays boosted their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.56.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares in the company, valued at approximately $606,619,780. This represents a 16.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 15,500 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the sale, the chief financial officer owned 332,399 shares in the company, valued at $48,234,418.89. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 935,000 shares of company stock worth $125,543,790. 8.20% of the stock is owned by corporate insiders.

Apollo Global Management Stock Up 1.2%

NYSE:APO traded up $1.70 during midday trading on Friday, reaching $138.10. 2,306,536 shares of the stock traded hands, compared to its average volume of 3,131,071. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $189.49. The business has a 50-day moving average of $141.88 and a two-hundred day moving average of $137.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $79.00 billion, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.47 and a beta of 1.69.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The company had revenue of $6,550,000 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. On average, equities analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a dividend of $0.51 per share. The ex-dividend date was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management's dividend payout ratio is presently 38.13%.

Apollo Global Management 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.