Wellington Management Group LLP Has $111.07 Million Holdings in Apollo Global Management Inc. $APO

Wellington Management Group LLP trimmed its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 21.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 938,809 shares of the financial services provider’s stock after selling 252,746 shares during the period. Wellington Management Group LLP owned approximately 0.16% of Apollo Global Management worth $111,070,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. MBM Wealth Consultants LLC acquired a new position in shares of Apollo Global Management during the 1st quarter valued at $29,000. Steigerwald Gordon & Koch Inc. grew its holdings in Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 213 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in Apollo Global Management in the second quarter valued at $31,000. Osbon Capital Management LLC bought a new stake in Apollo Global Management in the fourth quarter valued at $36,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Apollo Global Management during the second quarter valued at about $38,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Down 3.6%

NYSE APO opened at $131.72 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $126.28 and a 200 day simple moving average of $122.86. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The firm has a market capitalization of $77.79 billion, a P/E ratio of 48.25, a PEG ratio of 1.20 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the company earned $1.92 EPS. On average, analysts predict that Apollo Global Management Inc. will post 8.08 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a $0.5625 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

APO has been the subject of several research reports. Morgan Stanley reduced their target price on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Royal Bank Of Canada upped their price target on Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. Finally, BMO Capital Markets lowered their target price on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.77.

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.