Apollo Global Management, Inc. (NYSE:APO) is Guardian Point Capital LP's Largest Position

Guardian Point Capital LP lessened its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 575,000 shares of the financial services provider's stock after selling 25,000 shares during the quarter. Apollo Global Management accounts for approximately 49.7% of Guardian Point Capital LP's investment portfolio, making the stock its biggest holding. Guardian Point Capital LP owned 0.10% of Apollo Global Management worth $94,967,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management during the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the 4th quarter worth $34,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $37,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management during the fourth quarter worth about $39,000. Finally, HM Payson & Co. acquired a new stake in Apollo Global Management in the 4th quarter worth about $45,000. 77.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on APO shares. Citigroup dropped their price target on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Bank of America increased their target price on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. UBS Group cut their price objective on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. TD Cowen decreased their target price on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of "Moderate Buy" and a consensus price target of $157.89.

Apollo Global Management Trading Up 1.1%

Shares of Apollo Global Management stock traded up $1.60 during trading on Tuesday, hitting $145.05. The company's stock had a trading volume of 403,665 shares, compared to its average volume of 3,877,790. The stock has a market cap of $82.75 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The stock has a 50-day moving average price of $131.87 and a two-hundred day moving average price of $152.59. 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 52 week low of $95.11 and a 52 week high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last released its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.02). The firm 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 quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.72 EPS. Equities research analysts anticipate 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 will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.41%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management's dividend payout ratio (DPR) is presently 35.73%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 509,000 shares of company stock worth $72,321,680. Corporate insiders own 8.20% of the company's stock.

Apollo Global Management 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.