Mutual of America Capital Management LLC Sells 206 Shares of Apollo Global Management Inc. $APO

Mutual of America Capital Management LLC decreased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,777 shares of the financial services provider’s stock after selling 206 shares during the period. Mutual of America Capital Management LLC’s holdings in Apollo Global Management were worth $7,346,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. GW&K Investment Management LLC increased its holdings in Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares during the period. Activest Wealth Management boosted its position in shares of Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 175 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in Apollo Global Management by 6,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares in the last quarter. ORG Partners LLC lifted its position in Apollo Global Management by 285.0% in the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 171 shares in the last quarter. Finally, Bay Harbor Wealth Management LLC lifted its position in Apollo Global Management by 5,200.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of several research analyst reports. Barclays lowered their price target on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. BMO Capital Markets initiated coverage on Apollo Global Management in a research note on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price target for the company. Evercore ISI increased their price target on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company increased their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $161.14.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $125.23 on Tuesday. The firm has a market cap of $71.64 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 1.39 and a beta of 1.68. The firm’s 50 day simple moving average is $133.93 and its 200-day simple moving average is $135.90. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27.

Apollo Global Management (NYSE:APO) last issued its 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 analyst estimates 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 last year, the company posted $1.64 earnings per share. As a group, equities analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

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

Insider Transactions at Apollo Global Management

In related news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction that occurred 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 transaction, the insider directly owned 83,192 shares of the company’s stock, valued at $12,148,527.76. This trade represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the transaction, the insider directly owned 4,526,000 shares in the company, valued at approximately $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.50% of the stock is currently owned by company insiders.

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.