Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 8.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 144,500 shares of the financial services provider's stock after selling 12,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Apollo Global Management were worth $19,788,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of APO. Factory Mutual Insurance Co. increased its position in Apollo Global Management by 124.1% during the 1st quarter. Factory Mutual Insurance Co. now owns 158,200 shares of the financial services provider's stock valued at $21,664,000 after buying an additional 87,600 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Apollo Global Management by 95.5% during the first quarter. Ritholtz Wealth Management now owns 2,709 shares of the financial services provider's stock worth $371,000 after acquiring an additional 1,323 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Apollo Global Management by 19.8% during the first quarter. Dynamic Advisor Solutions LLC now owns 3,615 shares of the financial services provider's stock valued at $495,000 after acquiring an additional 598 shares in the last quarter. Robbins Farley purchased a new position in shares of Apollo Global Management in the 1st quarter valued at approximately $3,320,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of Apollo Global Management in the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the transaction, the insider now owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. This represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the purchase, the insider now directly owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. The trade was a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

APO has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Piper Sandler cut their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. TD Cowen reduced their target price on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. 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 note on Monday, April 14th. Finally, Raymond James started coverage on Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.00.

Apollo Global Management Price Performance

NYSE APO traded up $1.93 during trading hours on Monday, reaching $134.04. The company's stock had a trading volume of 2,168,719 shares, compared to its average volume of 3,942,410. The firm has a market capitalization of $76.60 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.17 and a beta of 1.59. The company's 50-day moving average is $132.32 and its two-hundred day moving average is $148.39. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). The company had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. Apollo Global Management's revenue was down 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.72 EPS. On average, equities analysts predict that Apollo Global Management, Inc. will post 8 EPS for the current 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 dividend yield of 1.52%. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is 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.