Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Parkwood LLC

Parkwood LLC lessened its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 41.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,176 shares of the financial services provider's stock after selling 50,456 shares during the period. Apollo Global Management accounts for approximately 1.3% of Parkwood LLC's portfolio, making the stock its 18th largest holding. Parkwood LLC's holdings in Apollo Global Management were worth $11,755,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Apollo Global Management by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock valued at $7,454,560,000 after buying an additional 3,691,700 shares during the period. Geode Capital Management LLC grew its holdings in Apollo Global Management by 64.6% in the 4th quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock valued at $1,550,316,000 after buying an additional 3,695,979 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Apollo Global Management by 36.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock valued at $1,065,615,000 after buying an additional 1,739,807 shares during the period. Northern Trust Corp grew its holdings in Apollo Global Management by 50.0% in the 4th quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock valued at $723,853,000 after buying an additional 1,460,689 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Apollo Global Management by 60.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider's stock worth $479,057,000 after purchasing an additional 1,094,464 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In other news, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired 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 $69,257,178.06. The trade was a 4,331.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total value 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 $49,470,351.48. This trade represents 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 Stock Down 0.8%

APO traded down $1.13 during trading hours on Monday, reaching $142.71. 674,076 shares of the stock traded hands, compared to its average volume of 3,907,228. The firm's fifty day simple moving average is $132.95 and its two-hundred day simple moving average is $152.58. The company has a market cap of $81.41 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.17 and a beta of 1.67. 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 debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). The firm had revenue of $5.55 billion for 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 revenue for the quarter was down 21.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 earnings per share. As a group, analysts forecast that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.43%. This is a positive change 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 (DPR) is presently 35.73%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays increased their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods cut their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Piper Sandler cut their price target on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. UBS Group cut their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Wells Fargo & Company dropped 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 research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Apollo Global Management currently has an average rating of "Moderate Buy" and an average price target of $157.89.

About Apollo Global Management

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.