Valley National Advisers Inc. Decreases Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Valley National Advisers Inc. decreased its position in Apollo Global Management, Inc. (NYSE:APO) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,424 shares of the financial services provider’s stock after selling 95 shares during the period. Valley National Advisers Inc.’s holdings in Apollo Global Management were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. DSM Capital Partners LLC purchased a new position in shares of Apollo Global Management in the 4th quarter valued at about $31,000. True Wealth Design LLC purchased a new position in Apollo Global Management during the fourth quarter worth about $33,000. Vestmark Advisory Solutions Inc. purchased a new position in Apollo Global Management in the fourth quarter worth approximately $36,000. Carolinas Wealth Consulting LLC purchased a new stake in Apollo Global Management in the 4th quarter valued at about $38,000. Finally, J.Safra Asset Management Corp lifted its holdings in shares of Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insiders Place Their Bets

In related news, Director Pauline Richards bought 2,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the acquisition, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 8.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on APO. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. increased their price objective on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Barclays lowered their target price on Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price target for the company from $124.00 to $123.00 in a research report on Tuesday, August 6th. Finally, UBS Group upped their target price on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.62.

Apollo Global Management Price Performance

Shares of APO traded up $0.16 during mid-day trading on Friday, reaching $110.99. 1,950,123 shares of the company’s stock were exchanged, compared to its average volume of 2,536,742. Apollo Global Management, Inc. has a 52-week low of $77.11 and a 52-week high of $126.45. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $116.33 and a two-hundred day simple moving average of $112.95. The company has a market cap of $63.06 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.95 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 17.97%. During the same period in the prior year, the firm earned $1.54 EPS. On average, sell-side analysts predict that Apollo Global Management, Inc. will post 7.09 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.4625 per share. The ex-dividend date is Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a yield of 1.67%. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

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.