Cooper Financial Group Sells 150 Shares of Apollo Global Management Inc. $APO

Cooper Financial Group decreased its position in shares of Apollo Global Management Inc. (NYSE:APO) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,297 shares of the financial services provider’s stock after selling 150 shares during the quarter. Cooper Financial Group’s holdings in Apollo Global Management were worth $751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Apollo Global Management by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider’s stock worth $6,303,186,000 after purchasing an additional 893,428 shares during the period. Goldman Sachs Group Inc. boosted its stake in Apollo Global Management by 24.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock worth $490,482,000 after purchasing an additional 706,181 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Apollo Global Management by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,013,298 shares of the financial services provider’s stock worth $412,641,000 after purchasing an additional 112,736 shares during the period. Boston Partners bought a new position in Apollo Global Management in the 1st quarter worth about $370,543,000. Finally, Allen Investment Management LLC boosted its stake in Apollo Global Management by 14.4% in the 1st quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider’s stock worth $361,664,000 after purchasing an additional 333,428 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $130.05 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The business’s 50 day simple moving average is $139.35 and its two-hundred day simple moving average is $137.19. The stock has a market capitalization of $74.39 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49.

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

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 18th. Apollo Global Management’s payout ratio is 38.13%.

Insiders Place Their Bets

In other news, insider Whitney Chatterjee sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider directly owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 332,399 shares in the company, valued at $48,234,418.89. This trade represents a 4.46% decrease in their ownership of the stock. 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 ninety days. Company insiders own 8.20% of the company’s stock.

Wall Street Analysts Forecast Growth

APO has been the subject of several analyst reports. Barclays raised their target price on Apollo Global Management from $156.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Citigroup lifted their price target on Apollo Global Management from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Evercore ISI lifted their price target on Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Wells Fargo & Company lifted their price target on Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.93.

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.