Private Wealth Partners LLC Sells 11,010 Shares of Apollo Global Management Inc. $APO

Private Wealth Partners LLC lessened its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 83.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,242 shares of the financial services provider’s stock after selling 11,010 shares during the quarter. Private Wealth Partners LLC’s holdings in Apollo Global Management were worth $250,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Schnieders Capital Management LLC. bought a new stake in shares of Apollo Global Management during the second quarter worth approximately $7,954,000. Baird Financial Group Inc. increased its stake in shares of Apollo Global Management by 117.5% during the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after purchasing an additional 8,709 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Apollo Global Management by 4.8% during the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 305 shares during the period. Nebula Research & Development LLC acquired a new stake in Apollo Global Management during the 2nd quarter worth approximately $722,000. Finally, Northern Right Capital Management L.P. lifted its holdings in Apollo Global Management by 1.5% during the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock worth $24,542,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 0.1%

Shares of APO stock opened at $118.71 on Friday. The stock has a market cap of $68.44 billion, a P/E ratio of 75.61, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $128.79 and a 200 day simple moving average of $126.95.

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 analysts’ consensus estimates of $1.89 by $0.05. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the company earned $1.82 EPS. On average, research analysts predict that Apollo Global Management Inc. will post 8.26 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a $0.5625 dividend. The ex-dividend date was Tuesday, May 19th. 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 1.9%. Apollo Global Management’s dividend payout ratio (DPR) is 143.31%.

Insider Activity at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APO. Royal Bank Of Canada upped their price objective on Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. The Goldman Sachs Group dropped their target price on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Morgan Stanley decreased their price target on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Finally, TD Cowen lowered their price target on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.23.

Apollo Global Management Profile

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.