Apollo Global Management Inc. $APO Stock Holdings Decreased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC reduced its position in Apollo Global Management Inc. (NYSE:APO) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,910,028 shares of the financial services provider’s stock after selling 7,601 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.86% of Apollo Global Management worth $672,379,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Woodline Partners LP boosted its holdings in shares of Apollo Global Management by 40.7% during the first quarter. Woodline Partners LP now owns 37,764 shares of the financial services provider’s stock worth $5,171,000 after purchasing an additional 10,920 shares during the period. MBB Public Markets I LLC acquired a new stake in shares of Apollo Global Management during the first quarter worth approximately $299,000. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Apollo Global Management by 15.8% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,378 shares of the financial services provider’s stock worth $873,000 after purchasing an additional 869 shares during the period. Arete Wealth Advisors LLC boosted its holdings in shares of Apollo Global Management by 5.5% during the first quarter. Arete Wealth Advisors LLC now owns 14,348 shares of the financial services provider’s stock worth $1,965,000 after purchasing an additional 752 shares during the period. Finally, Kestra Investment Management LLC boosted its holdings in shares of Apollo Global Management by 50.3% during the first quarter. Kestra Investment Management LLC now owns 9,982 shares of the financial services provider’s stock worth $1,367,000 after purchasing an additional 3,339 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on APO. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Evercore ISI boosted their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Citigroup boosted their target price on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Barclays boosted their target price on shares of Apollo Global Management from $156.00 to $168.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.56.

Apollo Global Management Price Performance

NYSE:APO opened at $134.60 on Wednesday. The stock has a market cap of $77.00 billion, a P/E ratio of 25.16, a PEG ratio of 1.45 and a beta of 1.69. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49. The company has a fifty day moving average price of $142.36 and a 200 day moving average price of $137.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same period in the prior year, the company earned $1.64 EPS. Analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, August 18th. Apollo Global Management’s dividend payout ratio is presently 38.13%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the sale, the chief financial officer owned 332,399 shares of the company’s stock, valued at $48,234,418.89. The trade was a 4.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Whitney Chatterjee sold 4,500 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the sale, the insider directly owned 83,192 shares in the company, valued at $12,148,527.76. This trade represents a 5.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 935,000 shares of company stock valued at $125,543,790 in the last 90 days. 8.50% of the stock is currently owned by company insiders.

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.