Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its stake in Apollo Global Management, Inc. (NYSE:APO) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,782 shares of the financial services provider’s stock after selling 18,835 shares during the period. Public Employees Retirement System of Ohio’s holdings in Apollo Global Management were worth $22,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DSM Capital Partners LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $31,000. Blue Trust Inc. lifted its stake in shares of Apollo Global Management by 151.4% in the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 221 shares during the period. True Wealth Design LLC acquired a new position in Apollo Global Management during the fourth quarter worth about $33,000. CVA Family Office LLC acquired a new position in Apollo Global Management during the fourth quarter worth about $34,000. Finally, Vestmark Advisory Solutions Inc. acquired a new position in Apollo Global Management during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on APO shares. UBS Group lifted 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 report on Wednesday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. JMP Securities reissued 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 $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Finally, TD Cowen boosted their price objective on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.29.

Apollo Global Management Trading Down 0.2 %

Apollo Global Management stock traded down $0.20 during trading on Monday, reaching $121.96. The company had a trading volume of 1,211,745 shares, compared to its average volume of 2,359,411. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. Apollo Global Management, Inc. has a 12-month low of $77.11 and a 12-month high of $125.31. The stock’s 50 day moving average price is $117.94 and its two-hundred day moving average price is $111.91. The firm has a market capitalization of $69.29 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.00 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.21). Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. The business had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $827.33 million. As a group, equities analysts expect that Apollo Global Management, Inc. will post 7.09 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.463 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a dividend yield of 1.52%. Apollo Global Management’s dividend payout ratio is 20.49%.

Insider Activity

In other news, CFO Martin Kelly sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the completion of the transaction, the chief financial officer now directly owns 359,445 shares in the company, valued at $40,002,634.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.50% of the company’s stock.

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.