Summit Trail Advisors LLC Sells 255 Shares of Apollo Global Management, Inc. (NYSE:APO)

Summit Trail Advisors LLC lowered its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,803 shares of the financial services provider’s stock after selling 255 shares during the quarter. Summit Trail Advisors LLC’s holdings in Apollo Global Management were worth $15,172,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sugarloaf Wealth Management LLC purchased a new stake in Apollo Global Management in the 4th quarter valued at about $31,000. Blue Trust Inc. grew its position in Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after buying an additional 221 shares in the last quarter. CVA Family Office LLC bought a new stake in Apollo Global Management during the fourth quarter valued at approximately $34,000. Vestmark Advisory Solutions Inc. purchased a new position in Apollo Global Management in the 4th quarter worth approximately $36,000. Finally, Hanseatic Management Services Inc. purchased a new stake in shares of Apollo Global Management during the 3rd quarter valued at $39,000. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APO. Morgan Stanley lifted their price target on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Finally, Evercore ISI raised their price objective on Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $114.31.

Insider Transactions at Apollo Global Management

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

Apollo Global Management Stock Performance

APO stock traded up $1.94 on Tuesday, hitting $113.42. The company had a trading volume of 634,812 shares, compared to its average volume of 2,332,918. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management, Inc. has a 12-month low of $59.89 and a 12-month high of $117.15. The stock has a market cap of $64.44 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 0.92 and a beta of 1.61. The stock’s 50-day simple moving average is $111.12 and its 200 day simple moving average is $100.34.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.77% and a net margin of 16.27%. The firm had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $823.27 million. As a group, equities research analysts expect that Apollo Global Management, Inc. will post 7.43 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.85 dividend on an annualized basis and a yield of 1.63%. Apollo Global Management’s payout ratio is presently 19.05%.

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.