First National Bank Sioux Falls Sells 3,717 Shares of Apollo Global Management, Inc. (NYSE:APO)

First National Bank Sioux Falls lessened its position in Apollo Global Management, Inc. (NYSE:APO) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,253 shares of the financial services provider’s stock after selling 3,717 shares during the quarter. Apollo Global Management accounts for approximately 1.3% of First National Bank Sioux Falls’ portfolio, making the stock its 19th largest holding. First National Bank Sioux Falls’ holdings in Apollo Global Management were worth $2,633,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its stake in Apollo Global Management by 18.9% in the third quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock valued at $892,973,000 after acquiring an additional 1,584,201 shares during the last quarter. Mariner LLC boosted its position in Apollo Global Management by 0.3% during the third quarter. Mariner LLC now owns 3,648,342 shares of the financial services provider’s stock valued at $327,475,000 after buying an additional 9,962 shares during the period. Northern Trust Corp boosted its position in Apollo Global Management by 2.5% during the third quarter. Northern Trust Corp now owns 2,968,775 shares of the financial services provider’s stock valued at $266,477,000 after buying an additional 72,111 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Apollo Global Management by 5.8% during the third quarter. Bank of New York Mellon Corp now owns 2,121,839 shares of the financial services provider’s stock worth $190,456,000 after purchasing an additional 116,062 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in shares of Apollo Global Management by 11.2% during the third quarter. William Blair Investment Management LLC now owns 1,902,972 shares of the financial services provider’s stock worth $170,811,000 after purchasing an additional 191,881 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

APO traded up $3.17 during mid-day trading on Tuesday, reaching $113.77. 1,874,269 shares of the company traded hands, compared to its average volume of 2,357,260. The stock has a market capitalization of $64.64 billion, a P/E ratio of 13.53, a P/E/G ratio of 0.90 and a beta of 1.63. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average price is $111.28 and its 200-day moving average price is $98.88. Apollo Global Management, Inc. has a 52-week low of $57.50 and a 52-week high of $117.15.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. On average, sell-side analysts expect that Apollo Global Management, Inc. will post 7.44 EPS for the current year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management’s dividend payout ratio is currently 20.45%.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the sale, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Apollo Global Management news, insider Whitney Chatterjee sold 12,000 shares of the company’s stock in a transaction dated 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 approximately $13,765,401.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin Kelly sold 14,000 shares of the 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 in the company, valued at $39,989,339.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,426,000 shares of company stock valued at $158,226,960. Company insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on APO shares. JPMorgan Chase & Co. started coverage on shares of Apollo Global Management in a report on Wednesday, February 28th. They set an “overweight” rating and a $122.00 target price for the company. Morgan Stanley increased their target price on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. BMO Capital Markets raised their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Barclays lifted their price objective on Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.25.

Apollo Global Management 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.