Apollo Global Management, Inc. (NYSE:APO) Position Lowered by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC lowered its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 30.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,002 shares of the financial services provider's stock after selling 52,459 shares during the period. Apollo Global Management makes up approximately 6.3% of Steamboat Capital Partners LLC's investment portfolio, making the stock its 2nd biggest position. Steamboat Capital Partners LLC's holdings in Apollo Global Management were worth $20,150,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Ellevest Inc. lifted its holdings in Apollo Global Management by 1.5% during the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock valued at $735,000 after purchasing an additional 67 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in Apollo Global Management by 2.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock valued at $447,000 after purchasing an additional 71 shares in the last quarter. Tower Wealth Partners Inc. lifted its holdings in Apollo Global Management by 4.4% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 74 shares in the last quarter. Colonial Trust Co SC lifted its holdings 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 purchasing an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Apollo Global Management by 0.9% during the fourth quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock valued at $1,639,000 after purchasing an additional 90 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Down 6.1%

Shares of APO traded down $8.54 during trading on Wednesday, reaching $130.76. 5,081,887 shares of the company traded hands, compared to its average volume of 3,932,328. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The stock has a market cap of $74.59 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The stock has a 50-day simple moving average of $133.29 and a 200-day simple moving average of $152.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. During the same quarter in the prior year, the business earned $1.72 earnings per share. Apollo Global Management's revenue was down 21.2% on a year-over-year basis. On average, analysts anticipate that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, May 16th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.56%. Apollo Global Management's dividend payout ratio (DPR) is currently 35.73%.

Insider Buying and Selling at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the acquisition, the insider now directly owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. This represents a 4,331.92% increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on APO shares. Morgan Stanley decreased their price objective on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Citigroup decreased their price objective on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays raised their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and an average target price of $157.89.

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.