Apollo Global Management Inc. $APO Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its holdings in Apollo Global Management Inc. (NYSE:APO) by 51.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 178,628 shares of the financial services provider’s stock after selling 187,233 shares during the period. TD Asset Management Inc’s holdings in Apollo Global Management were worth $23,806,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in APO. Schnieders Capital Management LLC. purchased a new position in Apollo Global Management in the 2nd quarter valued at approximately $7,954,000. World Investment Advisors raised its stake in shares of Apollo Global Management by 17.6% in the second quarter. World Investment Advisors now owns 8,339 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 1,250 shares in the last quarter. Spire Wealth Management boosted its holdings in Apollo Global Management by 137.9% in the second quarter. Spire Wealth Management now owns 2,978 shares of the financial services provider’s stock valued at $422,000 after purchasing an additional 1,726 shares during the period. Premier Path Wealth Partners LLC acquired a new position in Apollo Global Management during the 2nd quarter worth $312,000. Finally, Keybank National Association OH purchased a new stake in Apollo Global Management during the 2nd quarter worth about $242,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Down 8.8%

Shares of NYSE APO opened at $104.31 on Friday. The stock has a market cap of $60.54 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.57. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $157.28. The business has a 50-day moving average price of $135.30 and a 200 day moving average price of $134.04. The company has a quick ratio of 1.49, a current ratio of 1.31 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last announced its earnings results on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. During the same period in the previous year, the business earned $2.39 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 19th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, February 19th. Apollo Global Management’s dividend payout ratio (DPR) is presently 36.96%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on APO shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Apollo Global Management in a research note on Monday, February 9th. Piper Sandler reiterated an “overweight” rating and issued a $165.00 price target on shares of Apollo Global Management in a research note on Tuesday, February 10th. UBS Group dropped their price objective on shares of Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Morgan Stanley lifted their price objective on shares of Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.27.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.20% of the company’s stock.

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.