Goodnow Investment Group LLC Sells 5,759 Shares of Apollo Global Management Inc. $APO

Goodnow Investment Group LLC decreased its position in Apollo Global Management Inc. (NYSE:APO) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,821 shares of the financial services provider’s stock after selling 5,759 shares during the quarter. Apollo Global Management makes up 3.5% of Goodnow Investment Group LLC’s investment portfolio, making the stock its 12th largest position. Goodnow Investment Group LLC’s holdings in Apollo Global Management were worth $37,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearview Wealth Advisors LLC increased its holdings in Apollo Global Management by 8.7% during the 4th quarter. Clearview Wealth Advisors LLC now owns 26,866 shares of the financial services provider’s stock valued at $3,889,000 after purchasing an additional 2,161 shares during the period. L2 Asset Management LLC grew its position in shares of Apollo Global Management by 8.8% in the 4th quarter. L2 Asset Management LLC now owns 2,026 shares of the financial services provider’s stock worth $293,000 after buying an additional 164 shares during the last quarter. Cynosure Group LLC grew its position in shares of Apollo Global Management by 10.4% in the 4th quarter. Cynosure Group LLC now owns 3,736 shares of the financial services provider’s stock worth $541,000 after buying an additional 351 shares during the last quarter. 71 West Capital Partners purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $238,000. Finally, OMERS ADMINISTRATION Corp raised its holdings in shares of Apollo Global Management by 5.5% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 30,337 shares of the financial services provider’s stock valued at $4,392,000 after acquiring an additional 1,588 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on APO shares. Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Piper Sandler raised their target price on shares of Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Argus raised shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. Barclays increased their price target on shares of Apollo Global Management from $125.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets lowered their price objective on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $151.23.

Apollo Global Management Stock Up 1.8%

Shares of Apollo Global Management stock opened at $136.31 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. The company has a 50-day moving average of $125.60 and a 200 day moving average of $128.01. The firm has a market cap of $78.58 billion, a price-to-earnings ratio of 86.82, a PEG ratio of 1.15 and a beta of 1.50. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. Apollo Global Management’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 earnings per share. As a group, sell-side analysts anticipate that Apollo Global Management Inc. will post 8.28 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.5625 per share. The ex-dividend date was Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is presently 143.31%.

Insider Activity

In related news, insider John P. Zito sold 48,644 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the sale, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

About Apollo Global Management

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.