Apollo Global Management, Inc. (NYSE:APO) is Regal Partners Ltd's 3rd Largest Position

Regal Partners Ltd trimmed its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 33.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472,205 shares of the financial services provider's stock after selling 236,352 shares during the period. Apollo Global Management accounts for approximately 7.9% of Regal Partners Ltd's holdings, making the stock its 3rd largest position. Regal Partners Ltd owned about 0.08% of Apollo Global Management worth $77,989,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC raised its position in shares of Apollo Global Management by 1.8% during the 3rd quarter. World Investment Advisors LLC now owns 6,823 shares of the financial services provider's stock valued at $852,000 after purchasing an additional 119 shares during the period. Sfmg LLC raised its holdings in Apollo Global Management by 1.1% during the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider's stock valued at $902,000 after acquiring an additional 79 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Apollo Global Management in the third quarter valued at about $503,000. Versant Capital Management Inc boosted its stake in shares of Apollo Global Management by 203.6% in the fourth quarter. Versant Capital Management Inc now owns 501 shares of the financial services provider's stock worth $83,000 after acquiring an additional 336 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Apollo Global Management by 10.4% during the fourth quarter. GAMMA Investing LLC now owns 2,768 shares of the financial services provider's stock worth $457,000 after purchasing an additional 260 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Down 1.7 %

Shares of APO stock traded down $2.40 during trading hours on Friday, reaching $135.49. 4,382,021 shares of the stock were exchanged, compared to its average volume of 3,844,382. The firm has a market capitalization of $77.29 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company's 50-day moving average price is $133.18 and its 200-day moving average price is $152.92. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

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

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.51 dividend. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.51%. Apollo Global Management's dividend payout ratio (DPR) is presently 25.31%.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the business's stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now directly owns 621,754 shares in the company, valued at approximately $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.50% of the company's stock.

Wall Street Analyst Weigh In

APO has been the subject of several recent analyst reports. TD Cowen dropped their price target 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. Citigroup cut their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley reduced their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Barclays dropped their price objective on shares of Apollo Global Management from $196.00 to $145.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, Wells Fargo & Company reduced their target price on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $156.25.

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.