Flputnam Investment Management Co. Decreases Stock Holdings in Apollo Global Management Inc. $APO

Flputnam Investment Management Co. trimmed its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 18.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,939 shares of the financial services provider’s stock after selling 35,477 shares during the period. Flputnam Investment Management Co.’s holdings in Apollo Global Management were worth $18,331,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Schnieders Capital Management LLC. acquired a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $7,954,000. Baird Financial Group Inc. raised its holdings in Apollo Global Management by 117.5% during the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after purchasing an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Apollo Global Management by 4.8% during the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 305 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in Apollo Global Management during the second quarter worth $722,000. Finally, Northern Right Capital Management L.P. boosted its position in Apollo Global Management by 1.5% during the second quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock worth $24,542,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the subject of a number of research analyst reports. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Piper Sandler decreased their price objective on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, Morgan Stanley cut their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.77.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.30% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $135.39 on Friday. The business has a 50-day moving average of $126.22 and a two-hundred day moving average of $122.87. The firm has a market capitalization of $79.95 billion, a PE ratio of 49.59, a P/E/G ratio of 1.22 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29.

Apollo Global Management (NYSE:APO) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same quarter in the previous year, the firm posted $1.92 EPS. As a group, research analysts forecast that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Apollo Global Management 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.