Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Apollo Global Management Inc. (NYSE:APO)

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 156,551 shares of the financial services provider's stock after selling 5,982 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Apollo Global Management were worth $21,438,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Fourth Dimension Wealth LLC purchased a new stake in Apollo Global Management during the fourth quarter valued at approximately $25,000. GW&K Investment Management LLC lifted its position in Apollo Global Management by 84.5% during the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 87 shares during the last quarter. ORG Partners LLC lifted its position in Apollo Global Management by 285.0% during the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 171 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in Apollo Global Management during the first quarter valued at approximately $39,000. Finally, Colonial Trust Co SC lifted its position in Apollo Global Management by 29.2% during the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Activity

In other news, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total value of $530,280.00. Following the sale, the chief financial officer owned 373,164 shares in the company, valued at $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APO shares. UBS Group decreased their target price on shares of 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. Wells Fargo & Company increased their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Bank of America lifted their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. 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 report on Thursday, July 10th. Finally, Barclays upped their target price on 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 sell rating, two have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $161.00.

Apollo Global Management Stock Performance

APO stock traded down $0.54 during midday trading on Friday, hitting $151.10. 1,576,930 shares of the stock traded hands, compared to its average volume of 2,607,614. The firm has a market cap of $86.35 billion, a P/E ratio of 26.46, a PEG ratio of 1.71 and a beta of 1.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36. The stock's fifty day simple moving average is $139.60 and its 200-day simple moving average is $142.86. Apollo Global Management Inc. has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.02). The firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The firm's quarterly revenue was down 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.72 EPS. On average, analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $0.51 dividend. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.35%. Apollo Global Management's dividend payout ratio (DPR) is 35.73%.

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.