Maestria Partners LLC Reduces Holdings in Apollo Global Management Inc. $APO

Maestria Partners LLC lowered its stake in Apollo Global Management Inc. (NYSE:APO) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 198,967 shares of the financial services provider’s stock after selling 30,000 shares during the period. Apollo Global Management accounts for about 8.2% of Maestria Partners LLC’s holdings, making the stock its 4th largest holding. Maestria Partners LLC’s holdings in Apollo Global Management were worth $23,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Geode Capital Management LLC raised its stake in Apollo Global Management by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock valued at $1,469,793,000 after buying an additional 200,312 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Apollo Global Management by 4.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock worth $669,372,000 after acquiring an additional 234,517 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Apollo Global Management by 1.4% during the fourth quarter. Northern Trust Corp now owns 4,448,618 shares of the financial services provider’s stock valued at $643,982,000 after acquiring an additional 62,831 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Apollo Global Management during the second quarter valued at $459,987,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Apollo Global Management by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,288,100 shares of the financial services provider’s stock worth $475,985,000 after purchasing an additional 98,945 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of APO opened at $134.17 on Friday. The firm has a market cap of $79.23 billion, a PE ratio of 49.15, a P/E/G ratio of 1.16 and a beta of 1.52. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $126.73 and a two-hundred day simple moving average of $122.97. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29.

Apollo Global Management (NYSE:APO) last released its quarterly 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). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The firm had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the business earned $1.92 earnings per share. On average, equities analysts anticipate that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were issued a $0.5625 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s dividend payout ratio is currently 82.42%.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of analyst reports. Morgan Stanley dropped their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a report on Monday, July 20th. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. BMO Capital Markets cut their price target on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a report on Monday, July 13th. Finally, Barclays raised their price target on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.15.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.30% of the company’s stock.

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.