Regal Partners Ltd Sells 55,804 Shares of Apollo Global Management Inc. (NYSE:APO)

Key Points

• Regal Partners Ltd reduced its holdings in Apollo Global Management by 11.8%, owning 416,401 shares, which represents 5.7% of its portfolio.
• Several institutional investors, including Principal Financial Group and Clearview Wealth Advisors, have recently adjusted their positions in Apollo Global Management, signaling ongoing interest.
• Apollo Global Management's stock received multiple price target increases from various analysts, with Barclays raising theirs from $156.00 to $168.00 and Citigroup from $160.00 to $170.00, indicating strong buy sentiment.

Regal Partners Ltd decreased its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 11.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 416,401 shares of the financial services provider's stock after selling 55,804 shares during the quarter. Apollo Global Management makes up 5.7% of Regal Partners Ltd's portfolio, making the stock its 6th biggest position. Regal Partners Ltd owned 0.07% of Apollo Global Management worth $57,022,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new stake in Apollo Global Management during the fourth quarter valued at approximately $25,000. GW&K Investment Management LLC raised its position in shares of Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock worth $26,000 after purchasing an additional 87 shares during the period. ORG Partners LLC raised its position in shares of Apollo Global Management by 285.0% during the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock worth $32,000 after purchasing an additional 171 shares during the period. Farmers & Merchants Investments Inc. acquired a new stake in shares of Apollo Global Management during the 1st quarter worth approximately $39,000. Finally, Meeder Asset Management Inc. raised its position in shares of Apollo Global Management by 118.6% during the 1st quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider's stock worth $43,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Price Performance

NYSE APO traded down $1.27 on Friday, reaching $139.41. 3,157,630 shares of the stock traded hands, compared to its average volume of 3,625,393. The firm's fifty day simple moving average is $142.74 and its 200 day simple moving average is $140.84. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The company has a market cap of $79.67 billion, a price-to-earnings ratio of 26.06, a P/E/G ratio of 1.47 and a beta of 1.62. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.38% and a net margin of 13.25%. The company had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $1.64 EPS. As a group, research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 18th. Apollo Global Management's dividend payout ratio (DPR) is currently 38.13%.

Insider Buying and Selling at Apollo Global Management

In related news, 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 directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the sale, the insider owned 83,192 shares of the company's stock, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

APO has been the topic of a number of research reports. Wells Fargo & Company increased their price target on Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Evercore ISI increased their price target on Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Citigroup increased their price target on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Barclays increased their price target on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, UBS Group decreased their price objective on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $161.26.

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.