Apollo Global Management Inc. $APO Shares Sold by Silvant Capital Management LLC

Silvant Capital Management LLC trimmed its stake in Apollo Global Management Inc. (NYSE:APOFree Report) by 67.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 14,029 shares of the financial services provider’s stock after selling 29,272 shares during the period. Silvant Capital Management LLC’s holdings in Apollo Global Management were worth $1,870,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of APO. Vanguard Group Inc. increased its stake in shares of Apollo Global Management by 3.0% during the third quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock worth $6,319,617,000 after buying an additional 1,377,545 shares during the period. Amundi raised its position in Apollo Global Management by 68.9% during the 2nd quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after buying an additional 534,904 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Apollo Global Management by 5,670.1% in the 2nd quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock worth $56,041,000 after acquiring an additional 388,174 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Apollo Global Management by 31.1% in the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock valued at $215,530,000 after acquiring an additional 383,198 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in shares of Apollo Global Management by 62.0% during the third quarter. Bahl & Gaynor Inc. now owns 996,727 shares of the financial services provider’s stock worth $132,834,000 after acquiring an additional 381,479 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. JPMorgan Chase & Co. decreased their price target on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, February 10th. BMO Capital Markets set a $136.00 target price on shares of Apollo Global Management and gave the stock a “market perform” rating in a research report on Tuesday, November 25th. Finally, Piper Sandler reiterated an “overweight” rating and set a $165.00 price target on shares of Apollo Global Management in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $159.47.

Read Our Latest Research Report on Apollo Global Management

Apollo Global Management Trading Down 1.9%

Apollo Global Management stock opened at $106.08 on Thursday. The stock has a 50-day moving average price of $129.02 and a 200 day moving average price of $132.40. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.33. The stock has a market cap of $61.34 billion, a PE ratio of 19.22, a P/E/G ratio of 0.87 and a beta of 1.60. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28.

Apollo Global Management (NYSE:APOGet Free Report) last released its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $2.39 EPS. Equities research analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 19th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, February 19th. Apollo Global Management’s dividend payout ratio is 36.96%.

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Apollo Global Management Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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