Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,279,509 shares of the financial services provider's stock after selling 72,100 shares during the quarter. Federated Hermes Inc. owned approximately 0.23% of Apollo Global Management worth $119,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. US Bancorp DE increased its holdings in Apollo Global Management by 174.5% during the 1st quarter. US Bancorp DE now owns 6,275 shares of the financial services provider's stock worth $390,000 after purchasing an additional 3,989 shares during the period. MetLife Investment Management LLC purchased a new stake in Apollo Global Management during the 1st quarter worth about $1,112,000. Panagora Asset Management Inc. purchased a new stake in Apollo Global Management during the 1st quarter worth about $202,000. APG Asset Management N.V. acquired a new position in shares of Apollo Global Management during the 1st quarter worth about $457,000. Finally, Yousif Capital Management LLC acquired a new position in shares of Apollo Global Management during the 1st quarter worth about $511,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

APO has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Apollo Global Management from $110.00 to $118.00 and gave the stock an "overweight" rating in a research report on Friday, February 9th. JMP Securities reaffirmed a "market perform" rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Morgan Stanley upped their price objective on Apollo Global Management from $94.00 to $99.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. Barclays upped their target price on Apollo Global Management from $122.00 to $133.00 and gave the company an "overweight" rating in a research report on Monday, April 8th. Finally, TD Cowen initiated coverage on Apollo Global Management in a research report on Thursday, January 4th. They issued an "outperform" rating and a $115.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.25.

Apollo Global Management Stock Performance

APO traded down $0.15 on Thursday, hitting $107.34. 1,531,062 shares of the company traded hands, compared to its average volume of 2,363,052. The company has a 50 day moving average of $111.22 and a 200-day moving average of $98.28. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $60.99 billion, a PE ratio of 12.76, a PEG ratio of 0.89 and a beta of 1.63. Apollo Global Management, Inc. has a 12-month low of $57.50 and a 12-month high of $117.15.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.11. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. Sell-side analysts anticipate that Apollo Global Management, Inc. will post 7.49 earnings per share for the current year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management's dividend payout ratio (DPR) is 20.45%.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 14,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the completion of the transaction, the chief financial officer now directly owns 366,572 shares of the company's stock, valued at approximately $39,989,339.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Whitney Chatterjee sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following the completion of the transaction, the insider now directly owns 123,901 shares of the company's stock, valued at approximately $13,765,401.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the transaction, the chief financial officer now directly owns 366,572 shares of the company's stock, valued at $39,989,339.48. The disclosure for this sale can be found here. In the last three months, insiders sold 1,426,000 shares of company stock valued at $158,226,960. Corporate insiders own 8.70% of the company's stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.