Amalgamated Bank Sells 6,159 Shares of Apollo Global Management, Inc. (NYSE:APO)

Amalgamated Bank lessened its position in Apollo Global Management, Inc. (NYSE:APO) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,281 shares of the financial services provider’s stock after selling 6,159 shares during the period. Amalgamated Bank’s holdings in Apollo Global Management were worth $5,058,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Apollo Global Management by 3.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 35,215 shares of the financial services provider’s stock worth $3,161,000 after purchasing an additional 1,334 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Apollo Global Management by 2.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 95,478 shares of the financial services provider’s stock worth $8,570,000 after acquiring an additional 1,860 shares during the period. Stratos Wealth Partners LTD. raised its holdings in Apollo Global Management by 20.5% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,874 shares of the financial services provider’s stock valued at $617,000 after acquiring an additional 1,170 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Apollo Global Management by 10.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,082 shares of the financial services provider’s stock valued at $13,741,000 after acquiring an additional 13,885 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Apollo Global Management during the 3rd quarter worth $1,178,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $113.18 on Wednesday. The stock has a 50-day moving average price of $111.17 and a two-hundred day moving average price of $100.56. Apollo Global Management, Inc. has a 12 month low of $59.89 and a 12 month high of $117.15. The company has a market capitalization of $64.30 billion, a PE ratio of 12.53, a P/E/G ratio of 0.92 and a beta of 1.61. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 16.27% and a return on equity of 20.77%. The business had revenue of $795.00 million during the quarter, compared to analyst estimates of $823.27 million. Analysts expect that Apollo Global Management, Inc. will post 7.43 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Thursday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s payout ratio is 19.05%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets boosted their price target on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Wells Fargo & Company upped their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Citigroup increased their price target on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Barclays lowered their price objective on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their target price on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average target price of $114.31.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 14,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the sale, the chief financial officer now directly owns 366,572 shares in the company, valued at $39,989,339.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Leon D. Black sold 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total value of $49,819,500.00. Following the transaction, the insider now owns 42,604,773 shares in the company, valued at approximately $4,716,774,418.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the sale, the chief financial officer now owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Company insiders own 8.70% of the company’s stock.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.