Apollo Global Management, Inc. (NYSE:APO) Stock Holdings Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 389,095 shares of the financial services provider’s stock after selling 45,300 shares during the period. New York State Common Retirement Fund’s holdings in Apollo Global Management were worth $36,260,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in APO. Sugarloaf Wealth Management LLC purchased a new position in Apollo Global Management during the fourth quarter valued at approximately $31,000. Blue Trust Inc. grew its position in Apollo Global Management by 151.4% during 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 in the last quarter. CVA Family Office LLC purchased a new position in Apollo Global Management during the fourth quarter valued at approximately $34,000. Hanseatic Management Services Inc. purchased a new position in Apollo Global Management during the third quarter valued at approximately $39,000. Finally, Allworth Financial LP grew its position in Apollo Global Management by 66.4% during the third quarter. Allworth Financial LP now owns 501 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 200 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $112.72 on Thursday. The firm has a fifty day simple moving average of $111.29 and a 200-day simple moving average of $98.98. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management, Inc. has a 1-year low of $57.50 and a 1-year high of $117.15. The stock has a market capitalization of $64.04 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 0.95 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. On average, sell-side analysts expect that Apollo Global Management, Inc. will post 7.44 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s payout ratio is currently 20.45%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 300,000 shares of the business’s stock in a transaction on Saturday, February 24th. The shares were sold at an average price of $111.51, for a total value of $33,453,000.00. Following the sale, the insider now owns 43,054,773 shares of the company’s stock, valued at approximately $4,801,037,737.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Leon D. Black sold 300,000 shares of the company’s stock in a transaction dated Saturday, February 24th. The shares were sold at an average price of $111.51, for a total value of $33,453,000.00. Following the sale, the insider now owns 43,054,773 shares of the company’s stock, valued at approximately $4,801,037,737.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the completion of the sale, the chief financial officer now directly owns 366,572 shares in the company, valued at approximately $39,989,339.48. The disclosure for this sale can be found here. Insiders sold a total of 1,426,000 shares of company stock worth $158,226,960 in the last ninety days. 8.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on APO shares. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. TD Cowen started coverage on shares of Apollo Global Management in a research report on Thursday, January 4th. They set an “outperform” rating and a $115.00 price objective on the stock. Citigroup boosted their price objective on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Barclays lifted their target price on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $113.33.

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.