Lindbrook Capital LLC Sells 2,253 Shares of Apollo Global Management Inc. (NYSE:APO)

Lindbrook Capital LLC decreased its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 54.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,896 shares of the financial services provider's stock after selling 2,253 shares during the quarter. Lindbrook Capital LLC's holdings in Apollo Global Management were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of APO. Ellevest Inc. boosted its position in shares of 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 buying an additional 67 shares during the last quarter. Vivaldi Capital Management LP boosted its position in Apollo Global Management by 2.1% in the fourth quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock worth $566,000 after purchasing an additional 71 shares during the last quarter. Colonial Trust Co SC boosted its position in Apollo Global Management by 29.2% in the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock worth $58,000 after purchasing an additional 79 shares during the last quarter. CVA Family Office LLC boosted its position in Apollo Global Management by 19.7% in the first quarter. CVA Family Office LLC now owns 534 shares of the financial services provider's stock worth $73,000 after purchasing an additional 88 shares during the last quarter. Finally, World Investment Advisors boosted its position in Apollo Global Management by 1.3% in the first quarter. World Investment Advisors now owns 7,089 shares of the financial services provider's stock worth $971,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen cut their price objective on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. UBS Group cut their price objective on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company boosted their price objective 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. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Finally, Morgan Stanley dropped their price target on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $161.00.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 8.20% of the company's stock.

Apollo Global Management Price Performance

NYSE APO traded up $0.87 during trading on Thursday, reaching $152.72. The company's stock had a trading volume of 1,308,860 shares, compared to its average volume of 3,645,788. The stock has a market capitalization of $87.28 billion, a PE ratio of 26.74, a P/E/G ratio of 1.69 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 firm has a fifty day moving average of $139.16 and a 200 day moving average of $143.00. Apollo Global Management Inc. has a one year low of $95.11 and a one year high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $977.14 million. Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. Apollo Global Management's revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.72 earnings per share. Analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.34%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date was Friday, May 16th. Apollo Global Management's dividend payout ratio (DPR) is presently 35.73%.

About Apollo Global Management

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.