Apollo Global Management, Inc. (NYSE:APO) Position Reduced by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 12.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,168,613 shares of the financial services provider’s stock after selling 170,742 shares during the period. Janus Henderson Group PLC’s holdings in Apollo Global Management were worth $193,017,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of APO. Diversified Trust Co purchased a new stake in Apollo Global Management during the fourth quarter valued at about $261,000. Graypoint LLC lifted its position in shares of Apollo Global Management by 12.0% in the fourth quarter. Graypoint LLC now owns 1,988 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 213 shares in the last quarter. Czech National Bank purchased a new stake in shares of Apollo Global Management in the fourth quarter worth approximately $16,007,000. Brookstone Capital Management purchased a new stake in shares of Apollo Global Management in the fourth quarter worth approximately $441,000. Finally, Westmount Partners LLC lifted its position in shares of Apollo Global Management by 1.8% in the fourth quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider’s stock worth $841,000 after purchasing an additional 91 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lb 2018 Gst Trust bought 607,725 shares of Apollo Global Management stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now directly owns 621,754 shares in the company, valued at $69,257,178.06. This represents a 4,331.92% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 509,000 shares of company stock valued at $72,321,680 in the last 90 days. 8.20% of the stock is currently owned by company insiders.

Apollo Global Management Trading Down 0.5%

Shares of APO stock opened at $132.49 on Monday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The firm’s fifty day simple moving average is $131.82 and its 200 day simple moving average is $152.59. The firm has a market capitalization of $75.58 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. 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) last announced its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same period last year, the firm posted $1.72 EPS. The company’s revenue was down 21.2% compared to the same quarter last year. As a group, sell-side analysts predict that Apollo Global Management, Inc. will post 8 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 30th. Shareholders of record on Friday, May 16th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is 35.73%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Raymond James assumed coverage on shares of Apollo Global Management in a research report on Thursday, April 10th. They issued a “strong-buy” rating and a $173.00 price target for the company. Keefe, Bruyette & Woods reduced their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Monday, May 5th. Finally, Barclays lifted their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.89.

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.