Blair William & Co. IL Sells 87,147 Shares of Apollo Global Management Inc. (NYSE:APO)

Key Points

• Blair William & Co. IL reduced its stake in Apollo Global Management by 87.0% during the first quarter, owning only 12,989 shares after selling 87,147 shares.
• Apollo reported $1.92 earnings per share for the last quarter, exceeding estimates of $1.84, along with a revenue of $6.55 billion.
• The company declared a quarterly dividend of $0.51 per share, with an annual yield of 1.4%, reflecting a dividend payout ratio of 38.13%.

Blair William & Co. IL cut its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 87.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,989 shares of the financial services provider's stock after selling 87,147 shares during the quarter. Blair William & Co. IL's holdings in Apollo Global Management were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in Apollo Global Management by 36.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock worth $1,065,615,000 after acquiring an additional 1,739,807 shares during the period. Northern Trust Corp increased its stake in Apollo Global Management by 50.0% in the 4th quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock valued at $723,853,000 after purchasing an additional 1,460,689 shares in the last quarter. Allen Investment Management LLC increased its stake in Apollo Global Management by 14.4% in the 1st quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider's stock valued at $361,664,000 after purchasing an additional 333,428 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Apollo Global Management by 71.4% in the 4th quarter. Nuveen Asset Management LLC now owns 2,599,936 shares of the financial services provider's stock valued at $429,405,000 after purchasing an additional 1,082,825 shares in the last quarter. Finally, Curated Wealth Partners LLC boosted its stake in shares of Apollo Global Management by 0.3% during the first quarter. Curated Wealth Partners LLC now owns 2,229,366 shares of the financial services provider's stock valued at $305,289,000 after acquiring an additional 6,623 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apollo Global Management

In related news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the sale, the insider owned 83,192 shares of the company's stock, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.50% of the company's stock.

Apollo Global Management Trading Up 1.8%

Shares of Apollo Global Management stock traded up $2.51 on Tuesday, reaching $144.63. 2,912,766 shares of the company were exchanged, compared to its average volume of 3,622,752. The stock has a fifty day moving average price of $142.05 and a 200-day moving average price of $141.00. The firm has a market capitalization of $82.66 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.62. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.08. The business had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%. During the same quarter in the previous year, the company posted $1.64 earnings per share. On average, analysts expect that Apollo Global Management Inc. will post 8 EPS for the current 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 given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.4%. Apollo Global Management's dividend payout ratio (DPR) is presently 38.13%.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of recent analyst reports. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Wells Fargo & Company upped their target price 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. UBS Group decreased their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Piper Sandler decreased their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Citigroup boosted their price target on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $161.26.

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.