Shell Asset Management Co. Sells 4,395 Shares of Apollo Global Management Inc. $APO

Shell Asset Management Co. trimmed its stake in Apollo Global Management Inc. (NYSE:APOFree Report) by 59.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,952 shares of the financial services provider’s stock after selling 4,395 shares during the period. Shell Asset Management Co.’s holdings in Apollo Global Management were worth $393,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apollo Global Management by 1.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock valued at $432,727,000 after purchasing an additional 36,866 shares during the period. Bank of New York Mellon Corp raised its position in Apollo Global Management by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock valued at $326,716,000 after purchasing an additional 48,053 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Apollo Global Management by 31.1% in the 3rd quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock worth $215,530,000 after buying an additional 383,198 shares during the period. Amundi grew its position in shares of 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 in the last quarter. Finally, Heard Capital LLC increased its stake in shares of Apollo Global Management by 14.1% during the second quarter. Heard Capital LLC now owns 1,274,970 shares of the financial services provider’s stock valued at $180,880,000 after buying an additional 157,750 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the sale, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Down 0.0%

Shares of NYSE:APO opened at $125.06 on Wednesday. The business’s 50-day moving average is $140.37 and its 200 day moving average is $135.53. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.49. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $164.22. The firm has a market capitalization of $72.58 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.08 and a beta of 1.57.

Apollo Global Management (NYSE:APOGet Free Report) last issued its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the firm earned $2.39 earnings per share. The company’s revenue was up .8% on a year-over-year basis. On average, research analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.51 per share. The ex-dividend date is Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management’s dividend payout ratio is presently 36.96%.

Analyst Ratings Changes

APO has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Apollo Global Management from $180.00 to $181.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. Barclays cut their price target on Apollo Global Management from $168.00 to $158.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. Finally, BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target of $164.79.

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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.

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

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