Slow Capital Inc. Trims Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Slow Capital Inc. lowered its stake in Apollo Global Management, Inc. (NYSE:APO) by 19.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,667 shares of the financial services provider’s stock after selling 897 shares during the quarter. Slow Capital Inc.’s holdings in Apollo Global Management were worth $342,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Apollo Global Management by 87.8% in the 1st quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock valued at $2,316,818,000 after buying an additional 17,476,830 shares during the period. Mariner LLC acquired a new position in Apollo Global Management in the 1st quarter valued at about $353,603,000. Norges Bank purchased a new stake in Apollo Global Management during the fourth quarter worth about $332,126,000. State Street Corp lifted its position in shares of Apollo Global Management by 91.1% during the first quarter. State Street Corp now owns 8,032,420 shares of the financial services provider’s stock worth $497,930,000 after purchasing an additional 3,829,740 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Apollo Global Management in the first quarter valued at approximately $217,878,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.09, for a total value of $1,527,260.00. Following the sale, the chief financial officer now owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the sale, the chief financial officer now owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James C. Zelter sold 150,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the sale, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

APO has been the topic of several recent research reports. TD Cowen assumed coverage on shares of Apollo Global Management in a research note on Thursday, January 4th. They set an “outperform” rating and a $115.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Apollo Global Management in a research report on Wednesday, February 28th. They set an “overweight” rating and a $122.00 price objective on the stock. Citigroup lifted their target price on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $113.25.

Apollo Global Management Stock Performance

Shares of APO stock opened at $107.49 on Thursday. The firm has a market cap of $61.07 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.89 and a beta of 1.63. Apollo Global Management, Inc. has a 1 year low of $57.50 and a 1 year high of $117.15. The stock’s 50-day moving average is $111.22 and its two-hundred day moving average is $98.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. Analysts predict that Apollo Global Management, Inc. will post 7.49 earnings per share for the current year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s dividend payout ratio is currently 20.45%.

Apollo Global Management Company 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.