Russell Investments Group Ltd. Sells 25,644 Shares of Apollo Global Management, Inc. (NYSE:APO)

Russell Investments Group Ltd. reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 490,429 shares of the financial services provider’s stock after selling 25,644 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Apollo Global Management worth $45,737,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of APO. AM Investment Strategies LLC raised its stake in Apollo Global Management by 0.5% during the 4th quarter. AM Investment Strategies LLC now owns 53,577 shares of the financial services provider’s stock worth $4,993,000 after buying an additional 251 shares during the period. Jackson Hole Capital Partners LLC boosted its position in Apollo Global Management by 1.5% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 59,955 shares of the financial services provider’s stock worth $5,587,000 after purchasing an additional 903 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Apollo Global Management by 6.2% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,516 shares of the financial services provider’s stock valued at $980,000 after purchasing an additional 612 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Apollo Global Management by 5.2% in the 4th quarter. Yousif Capital Management LLC now owns 7,502 shares of the financial services provider’s stock worth $699,000 after buying an additional 368 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in Apollo Global Management in the fourth quarter worth about $50,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following the completion of the transaction, the insider now owns 123,901 shares in the company, valued at $13,765,401.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Apollo Global Management news, insider Whitney Chatterjee sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the transaction, the insider now owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the transaction, 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. Insiders have sold 1,426,000 shares of company stock worth $158,226,960 over the last ninety days. 8.70% of the stock is owned by corporate insiders.

Apollo Global Management Price Performance

APO opened at $110.91 on Tuesday. The stock’s 50 day moving average price is $111.20 and its 200-day moving average price is $99.52. Apollo Global Management, Inc. has a 52-week low of $57.50 and a 52-week high of $117.15. The stock has a market capitalization of $63.01 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The business had revenue of $795.00 million during the quarter, compared to analyst estimates of $823.27 million. On average, equities research analysts predict that Apollo Global Management, Inc. will post 7.43 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management’s payout ratio is presently 20.45%.

Wall Street Analyst Weigh In

APO has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Citigroup lifted their price target on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets lifted their target price on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.33.

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.