Compagnie Lombard Odier SCmA Sells 2,200 Shares of Apollo Global Management Inc. $APO

Key Points

• Compagnie Lombard Odier SCmA reduced its holdings in Apollo Global Management Inc. by 88.7%, selling 2,200 shares and bringing its total ownership down to 280 shares valued at approximately $40,000.
• Apollo Global Management's CFO, Martin Kelly, sold 15,500 shares for around $2.25 million, indicating a 4.46% decrease in his ownership.
• Research analysts have increased their price targets on Apollo Global Management, with ratings moving to an "outperform" and a consensus price target now at $164.56.

Compagnie Lombard Odier SCmA reduced its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 88.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 280 shares of the financial services provider's stock after selling 2,200 shares during the period. Compagnie Lombard Odier SCmA's holdings in Apollo Global Management were worth $40,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APO. Y.D. More Investments Ltd lifted its position in Apollo Global Management by 14.4% during the 1st quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider's stock worth $85,000 after acquiring an additional 78 shares during the last quarter. Walled Lake Planning & Wealth Management LLC lifted its position in shares of Apollo Global Management by 3.3% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider's stock worth $345,000 after purchasing an additional 80 shares during the last quarter. GW&K Investment Management LLC boosted its stake in 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 valued at $26,000 after purchasing an additional 87 shares during the period. CVA Family Office LLC grew its holdings in Apollo Global Management by 19.7% in the 1st quarter. CVA Family Office LLC now owns 534 shares of the financial services provider's stock valued at $73,000 after buying an additional 88 shares during the last quarter. Finally, World Investment Advisors grew its holdings in Apollo Global Management by 1.3% in the 1st quarter. World Investment Advisors now owns 7,089 shares of the financial services provider's stock valued at $971,000 after buying an additional 93 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of Apollo Global Management 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 transaction, the chief financial officer directly owned 332,399 shares of the company's stock, 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 can be accessed through this link. Also, insider Whitney Chatterjee sold 4,500 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were 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 in the company, valued at $12,148,527.76. This represents a 5.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 935,000 shares of company stock valued at $125,543,790 in the last 90 days. 8.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on APO shares. Evercore ISI upped their price target on Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Citigroup increased their price target 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. Barclays raised their price target on shares of 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, Wells Fargo & Company upped their price objective 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.56.

Apollo Global Management Trading Up 0.8%

Shares of Apollo Global Management stock opened at $145.07 on Wednesday. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $189.49. The firm has a market capitalization of $82.99 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.55 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The company's fifty day moving average price is $141.31 and its two-hundred day moving average price is $137.05.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business earned $1.64 EPS. On average, analysts expect that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.