Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 27.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,916 shares of the financial services provider’s stock after selling 11,003 shares during the period. Apollo Global Management makes up approximately 0.8% of Legacy Capital Wealth Partners LLC’s holdings, making the stock its 23rd largest holding. Legacy Capital Wealth Partners LLC’s holdings in Apollo Global Management were worth $2,695,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of APO. AE Wealth Management LLC grew its holdings in shares of Apollo Global Management by 80.0% during the 3rd quarter. AE Wealth Management LLC now owns 5,437 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 2,416 shares during the period. SG Americas Securities LLC grew its holdings in shares of Apollo Global Management by 55.3% during the 3rd quarter. SG Americas Securities LLC now owns 9,587 shares of the financial services provider’s stock worth $861,000 after purchasing an additional 3,415 shares during the period. DAVENPORT & Co LLC grew its holdings in shares of Apollo Global Management by 3.1% during the 3rd quarter. DAVENPORT & Co LLC now owns 7,294 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 219 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Apollo Global Management by 21,540.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,761 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 4,739 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in Apollo Global Management by 1.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 160,069 shares of the financial services provider’s stock worth $14,368,000 after acquiring an additional 2,667 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. TD Cowen assumed coverage on Apollo Global Management in a report on Thursday, January 4th. They issued an “outperform” rating and a $115.00 price target for the company. Wells Fargo & Company upped their price target on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Morgan Stanley upped their price target on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, Citigroup increased their target price on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.33.

Apollo Global Management Stock Performance

Shares of APO stock traded up $0.34 on Friday, hitting $112.22. 1,537,561 shares of the stock traded hands, compared to its average volume of 1,839,938. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $63.76 billion, a PE ratio of 13.34, a PEG ratio of 0.94 and a beta of 1.63. Apollo Global Management, Inc. has a 1-year low of $57.50 and a 1-year high of $117.15. The company’s fifty day moving average is $111.23 and its 200 day moving average is $99.29.

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

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s dividend payout ratio is currently 20.45%.

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 sale, the insider now directly owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the sale, the insider now directly owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Whitney Chatterjee sold 12,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total value of $1,333,200.00. Following the transaction, the insider now directly owns 123,901 shares in the company, valued at $13,765,401.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,426,000 shares of company stock valued at $158,226,960. Corporate insiders own 8.70% of the company’s stock.

Apollo Global Management Company Profile

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.