S&CO Inc. Sells 10,000 Shares of Apollo Global Management Inc. $APO

S&CO Inc. lowered its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,880 shares of the financial services provider’s stock after selling 10,000 shares during the period. S&CO Inc.’s holdings in Apollo Global Management were worth $9,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Chesapeake Asset Management LLC raised its position in shares of Apollo Global Management by 3.6% during the fourth quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock valued at $299,000 after buying an additional 72 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Apollo Global Management by 1.4% during the third quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 78 shares in the last quarter. Mitchell & Pahl Private Wealth LLC grew its position in shares of Apollo Global Management by 0.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock valued at $1,383,000 after purchasing an additional 80 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Apollo Global Management by 16.9% during the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 82 shares in the last quarter. Finally, United Advisor Group LLC grew its position in shares of Apollo Global Management by 4.7% during the fourth quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APO. Weiss Ratings lowered Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. UBS Group raised their target price on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a report on Friday, May 8th. Argus raised shares of Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. Piper Sandler cut their target price on shares of Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Finally, The Goldman Sachs Group cut their target price on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and an average target price of $150.75.

Apollo Global Management Stock Down 0.2%

NYSE APO opened at $135.23 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average of $116.51 and a two-hundred day moving average of $127.73. The firm has a market capitalization of $77.96 billion, a price-to-earnings ratio of 86.13, a PEG ratio of 1.13 and a beta of 1.52. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. Apollo Global Management’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, analysts predict that Apollo Global Management Inc. will post 8.37 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.5625 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Apollo Global Management’s payout ratio is presently 129.94%.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.