Todd Asset Management LLC Sells 235,363 Shares of Apollo Global Management Inc. $APO

Todd Asset Management LLC decreased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 49.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 243,654 shares of the financial services provider’s stock after selling 235,363 shares during the quarter. Todd Asset Management LLC’s holdings in Apollo Global Management were worth $32,472,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Delos Wealth Advisors LLC bought a new position in shares of Apollo Global Management during the 2nd quarter valued at about $25,000. Atlantic Union Bankshares Corp lifted its position in shares of Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Sound Income Strategies LLC bought a new position in Apollo Global Management during the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. boosted its stake in Apollo Global Management by 1,123.5% during the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after buying an additional 191 shares during the last quarter. Finally, Nemes Rush Group LLC purchased a new position in Apollo Global Management during the 2nd quarter valued at approximately $30,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on APO. Barclays decreased their price objective 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Apollo Global Management in a research note on Monday, February 9th. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.79.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $124.99 on Monday. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $164.22. The company has a current ratio of 1.31, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $140.99 and a 200-day moving average price of $135.76. The firm has a market capitalization of $72.55 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.08 and a beta of 1.57.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data 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. The company had revenue of $9.86 billion for the quarter, compared to analyst estimates of $1.19 billion. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $2.39 EPS. As a group, equities research analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 19th will be issued 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 payout ratio is presently 36.96%.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction on Monday, December 1st. The stock was 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. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.50% of the stock is owned by company insiders.

Apollo Global Management Company Profile

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.