Flputnam Investment Management Co. Has $32.53 Million Stake in Apollo Global Management Inc. $APO

Key Points

• Flputnam Investment Management Co. reduced its stake in Apollo Global Management by 17.0%, holding 237,531 shares valued at approximately $32.53 million at the quarter's end.
• Insiders at Apollo Global Management sold significant amounts of stock recently, including CFO Martin Kelly, who sold 15,500 shares worth over $2.24 million.
• Apollo Global Management has declared a quarterly dividend of $0.51 per share, reflecting an annualized yield of 1.5%, with a payout ratio of 38.13%.

Flputnam Investment Management Co. decreased its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 237,531 shares of the financial services provider's stock after selling 48,649 shares during the quarter. Flputnam Investment Management Co.'s holdings in Apollo Global Management were worth $32,527,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of APO. Fourth Dimension Wealth LLC acquired a new position in Apollo Global Management during the fourth quarter worth about $25,000. GW&K Investment Management LLC boosted its stake in shares of 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 purchasing an additional 87 shares in the last quarter. ORG Partners LLC grew its holdings in shares of Apollo Global Management by 285.0% during the first 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 last quarter. Farmers & Merchants Investments Inc. bought a new stake in shares of Apollo Global Management during the first quarter worth about $39,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Apollo Global Management by 118.6% during the first 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 last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 83,192 shares of the company's stock, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. 8.20% of the stock is currently owned by insiders.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $136.52 on Friday. The stock's 50 day moving average is $143.11 and its 200 day moving average is $138.42. 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 firm has a market cap of $78.09 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.47 and a beta of 1.62. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.08. The company had revenue of $6,550,000 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $1.64 earnings per share. As a group, research analysts expect that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.5%. Apollo Global Management's payout ratio is 38.13%.

Analyst Ratings Changes

APO has been the topic of several research reports. Piper Sandler reduced their price target on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company boosted their price target on Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Barclays boosted their price target on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Citigroup boosted their price target on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, Cowen restated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $164.56.

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.

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