Prime Capital Investment Advisors LLC decreased its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 12.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,055 shares of the financial services provider's stock after selling 3,119 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in Apollo Global Management were worth $2,987,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. GW&K Investment Management LLC lifted its holdings in shares of 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 acquiring an additional 87 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Apollo Global Management by 285.0% during the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 171 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its holdings in shares of Apollo Global Management by 5,200.0% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 260 shares in the last quarter. Farmers & Merchants Investments Inc. acquired a new position in shares of Apollo Global Management during the 1st quarter valued at $39,000. Finally, Rise Advisors LLC acquired a new position in shares of Apollo Global Management during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 77.06% of the company's stock.
Apollo Global Management Price Performance
APO opened at $125.91 on Wednesday. The company has a 50-day moving average of $137.46 and a 200-day moving average of $136.74. The company has a market capitalization of $72.02 billion, a P/E ratio of 23.53, a PEG ratio of 1.36 and a beta of 1.68. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27.
Apollo Global Management (NYSE:APO - Get Free Report) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. The company had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same quarter in the previous year, the firm earned $1.64 EPS. Equities analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal 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 given a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. Apollo Global Management's payout ratio is presently 38.13%.
Insider Transactions at Apollo Global Management
In related news, insider Leon D. Black sold 915,000 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the sale, the insider owned 4,526,000 shares of the company's stock, valued at $606,619,780. This represents a 16.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Whitney Chatterjee sold 4,500 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the sale, the insider directly owned 83,192 shares of the company's stock, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 935,000 shares of company stock valued at $125,543,790. Insiders own 8.50% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on APO shares. Evercore ISI lifted their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Wells Fargo & Company lifted their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Apollo Global Management in a research note on Saturday, September 27th. BMO Capital Markets assumed coverage on shares of Apollo Global Management in a research note on Friday, October 3rd. They set a "market perform" rating and a $132.00 price target on the stock. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Apollo Global Management in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Apollo Global Management has an average rating of "Moderate Buy" and a consensus price target of $164.07.
View Our Latest Research Report on APO
About Apollo Global Management
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Free Report)
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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