Hudson Bay Capital Management LP Sells 25,000 Shares of Apollo Global Management, Inc. (NYSE:APO)

Hudson Bay Capital Management LP trimmed its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the financial services provider's stock after selling 25,000 shares during the quarter. Hudson Bay Capital Management LP's holdings in Apollo Global Management were worth $8,258,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APO. Kestra Private Wealth Services LLC bought a new position in Apollo Global Management during the 4th quarter valued at approximately $3,994,000. Fortress Financial Solutions LLC purchased a new stake in Apollo Global Management in the fourth quarter worth $685,000. Leavell Investment Management Inc. boosted its holdings in Apollo Global Management by 39.8% in the fourth quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider's stock valued at $1,016,000 after acquiring an additional 1,750 shares in the last quarter. Amundi increased its position in Apollo Global Management by 13.2% during the 4th quarter. Amundi now owns 801,260 shares of the financial services provider's stock valued at $129,788,000 after purchasing an additional 93,451 shares during the period. Finally, State of Michigan Retirement System bought a new position in Apollo Global Management in the 4th quarter worth $20,034,000. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of research reports. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Raymond James began coverage on Apollo Global Management in a research note on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price target on the stock. Morgan Stanley lowered their price objective on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Citigroup dropped their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, UBS Group decreased their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. One equities 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $157.89.

Apollo Global Management Stock Performance

Apollo Global Management stock traded up $0.16 during midday trading on Thursday, reaching $144.40. 2,923,027 shares of the company traded hands, compared to its average volume of 3,902,877. 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 12 month low of $95.11 and a 12 month high of $189.49. The firm has a market capitalization of $82.38 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The business has a 50 day moving average of $132.32 and a two-hundred day moving average of $152.48.

Apollo Global Management (NYSE:APO - Get Free Report) last issued 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 during the quarter, compared to the consensus estimate of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The business's revenue was down 21.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.72 EPS. As a group, research analysts predict that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.41%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is presently 35.73%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. The trade was a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 4,000 shares of the company'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 transaction of $530,280.00. Following the completion of the transaction, the chief financial officer now owns 373,164 shares of the company's stock, valued at approximately $49,470,351.48. The trade was a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.