Apollo Global Management Inc. (NYSE:APO) Shares Sold by Swiss National Bank

Key Points

• Swiss National Bank reduced its holdings in Apollo Global Management Inc. by 0.8%, owning approximately 1.12 million shares valued at $152.98 million as of the latest quarter.
• Several institutional investors have shown significant activity, with ORG Partners LLC increasing its stake by 285% and Meeder Asset Management Inc. boosting its holdings by 118.6% in the first quarter.
• Apollo Global Management reported quarterly earnings of $1.92 per share, surpassing analysts' expectations, and announced a dividend of $0.51 per share, which reflects an annual yield of about 1.4%.

Swiss National Bank lowered its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,117,114 shares of the financial services provider's stock after selling 9,100 shares during the quarter. Swiss National Bank owned approximately 0.20% of Apollo Global Management worth $152,978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $25,000. GW&K Investment Management LLC boosted its position 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 acquiring an additional 87 shares in the last quarter. ORG Partners LLC boosted its position in 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. Farmers & Merchants Investments Inc. bought a new stake in Apollo Global Management during the 1st quarter valued at $39,000. Finally, Meeder Asset Management Inc. boosted its position in Apollo Global Management by 118.6% during the 1st quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Analyst Ratings Changes

APO has been the topic of several recent research reports. Morgan Stanley dropped their target price 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. Wells Fargo & Company increased their target price on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Barclays increased their price objective on Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Finally, Piper Sandler decreased their price objective on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $161.26.

Apollo Global Management Stock Performance

APO stock traded up $2.51 during midday trading on Tuesday, reaching $144.63. The stock had a trading volume of 2,913,189 shares, compared to its average volume of 3,622,856. The stock has a market cap of $82.66 billion, a PE ratio of 27.03, a P/E/G ratio of 1.48 and a beta of 1.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a fifty day simple moving average of $142.05 and a two-hundred day simple moving average of $141.00. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $189.49.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.08. The company had revenue of $6,550,000 billion during 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 quarter last year, the business posted $1.64 EPS. As a group, equities research analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 18th. Apollo Global Management's payout ratio is 38.13%.

Insider Activity

In other news, insider Whitney Chatterjee sold 4,500 shares of the business's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the transaction, the insider owned 83,192 shares of the company's stock, valued at $12,148,527.76. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.50% of the stock is currently owned by company insiders.

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.