Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Newbrook Capital Advisors LP

Newbrook Capital Advisors LP reduced its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 37.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 601,877 shares of the financial services provider's stock after selling 366,131 shares during the period. Apollo Global Management makes up about 12.7% of Newbrook Capital Advisors LP's holdings, making the stock its 2nd largest position. Newbrook Capital Advisors LP owned about 0.11% of Apollo Global Management worth $99,406,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Ellevest Inc. boosted its position in shares of Apollo Global Management by 1.5% in the 4th quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after buying an additional 67 shares in the last quarter. SRS Capital Advisors Inc. boosted its position in shares of Apollo Global Management by 2.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock worth $447,000 after buying an additional 71 shares in the last quarter. Tower Wealth Partners Inc. boosted its position in shares of Apollo Global Management by 4.4% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock worth $288,000 after buying an additional 74 shares in the last quarter. Colonial Trust Co SC boosted its position in shares of Apollo Global Management by 29.2% in the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock worth $58,000 after buying an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Apollo Global Management by 0.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock worth $1,639,000 after buying an additional 90 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Trading Down 0.1%

Shares of NYSE APO traded down $0.19 on Friday, reaching $143.80. 2,399,313 shares of the company traded hands, compared to its average volume of 3,911,441. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a 50 day moving average of $132.95 and a 200 day moving average of $152.46. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $82.04 billion, a PE ratio of 19.67, a P/E/G ratio of 1.17 and a beta of 1.67.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). The business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The firm's revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period last year, the company posted $1.72 EPS. On average, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is 35.73%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the completion of the sale, the chief financial officer now owns 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lb 2018 Gst Trust bought 607,725 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the transaction, the insider now owns 621,754 shares in the company, valued at approximately $69,257,178.06. This represents a 4,331.92% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.20% of the company's stock.

Analyst Upgrades and Downgrades

APO has been the topic of several recent research reports. Bank of America boosted their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Raymond James started coverage on shares of Apollo Global Management in a research report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective on the stock. Citigroup reduced 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. Keefe, Bruyette & Woods reduced their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, TD Cowen reduced 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. One investment 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $157.89.

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.