Moore Capital Management LP Has $19.37 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Moore Capital Management LP lessened its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 54.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,304 shares of the financial services provider's stock after selling 141,279 shares during the quarter. Moore Capital Management LP's holdings in Apollo Global Management were worth $19,374,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Diversified Trust Co acquired a new position in shares of Apollo Global Management during the fourth quarter worth $261,000. Graypoint LLC increased its stake in Apollo Global Management by 12.0% during the 4th quarter. Graypoint LLC now owns 1,988 shares of the financial services provider's stock worth $328,000 after buying an additional 213 shares during the period. Czech National Bank acquired a new position in Apollo Global Management in the 4th quarter worth $16,007,000. Brookstone Capital Management acquired a new stake in shares of Apollo Global Management during the fourth quarter valued at about $441,000. Finally, Westmount Partners LLC increased its position in shares of Apollo Global Management by 1.8% during the fourth quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider's stock worth $841,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Insiders Place Their Bets

In related news, insider Lb 2018 Gst Trust bought 607,725 shares of the company's stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the acquisition, the insider now owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. This represents a 4,331.92% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 4,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following 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. Corporate insiders own 8.20% of the company's stock.

Apollo Global Management Stock Performance

Shares of NYSE APO 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 3,909,156. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $82.38 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.17 and a beta of 1.67. The stock has a 50-day moving average price of $132.32 and a 200 day moving average price of $152.48.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same period in the prior year, the business posted $1.72 EPS. The company's revenue for the quarter was down 21.2% on a year-over-year basis. Sell-side analysts anticipate that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on APO shares. TD Cowen lowered their price objective 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. Piper Sandler decreased their price target on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Barclays upped their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Wells Fargo & Company decreased their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Bank of America upped their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $157.89.

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.