Apollo Global Management, Inc. (NYSE:APO) Stock Position Cut by LRT Capital Management LLC

LRT Capital Management LLC trimmed its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 47.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,802 shares of the financial services provider’s stock after selling 6,913 shares during the quarter. LRT Capital Management LLC’s holdings in Apollo Global Management were worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in APO. Hopwood Financial Services Inc. bought a new stake in Apollo Global Management during the fourth quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $34,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth $37,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at $39,000. Finally, HM Payson & Co. bought a new position in Apollo Global Management during the fourth quarter valued at about $45,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the transaction, the chief financial officer now owns 373,164 shares in the company, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the transaction, the insider now owns 621,754 shares of the company’s stock, valued at approximately $69,257,178.06. This represents a 4,331.92% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 509,000 shares of company stock valued at $72,321,680. Insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on APO. Citigroup dropped their price target on shares of Apollo Global Management from $191.00 to $138.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Raymond James started coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They issued a “strong-buy” rating and a $173.00 target price on the stock. Piper Sandler cut their target price on shares of Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Wells Fargo & Company decreased their price target on shares of Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, TD Cowen dropped their price target on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $157.89.

Apollo Global Management Price Performance

NYSE APO opened at $132.49 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $75.58 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The company has a 50 day simple moving average of $131.82 and a 200-day simple moving average of $152.59. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). The company had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The firm’s quarterly revenue was down 21.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.72 EPS. Equities research analysts predict that Apollo Global Management, Inc. will post 8 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 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.54%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management’s dividend payout ratio (DPR) is currently 35.73%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.