Carson Advisory Inc. Sells 99 Shares of Apollo Global Management, Inc. (NYSE:APO)

Carson Advisory Inc. trimmed its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,231 shares of the financial services provider’s stock after selling 99 shares during the period. Carson Advisory Inc.’s holdings in Apollo Global Management were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Apollo Global Management by 55.3% in the third quarter. SG Americas Securities LLC now owns 9,587 shares of the financial services provider’s stock valued at $861,000 after buying an additional 3,415 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Apollo Global Management by 21,540.9% in the third quarter. Exchange Traded Concepts LLC now owns 4,761 shares of the financial services provider’s stock valued at $427,000 after acquiring an additional 4,739 shares during the last quarter. SVB Wealth LLC raised its stake in shares of Apollo Global Management by 3.1% in the third quarter. SVB Wealth LLC now owns 5,647 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 171 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Apollo Global Management by 3.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 35,215 shares of the financial services provider’s stock worth $3,161,000 after purchasing an additional 1,334 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Apollo Global Management by 174.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 186,586 shares of the financial services provider’s stock worth $16,748,000 after purchasing an additional 118,587 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the sale, the chief financial officer now directly owns 366,572 shares of the company’s stock, valued at approximately $39,989,339.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider James C. Zelter sold 150,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the sale, the insider now owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the sale, the chief financial officer now directly owns 366,572 shares in the company, valued at approximately $39,989,339.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,426,000 shares of company stock worth $158,226,960. 8.70% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Performance

Shares of NYSE APO traded up $4.30 during midday trading on Thursday, hitting $112.07. The company’s stock had a trading volume of 4,930,546 shares, compared to its average volume of 2,347,606. The stock has a fifty day moving average price of $111.14 and a 200 day moving average price of $99.73. The firm has a market capitalization of $63.67 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 0.91 and a beta of 1.61. Apollo Global Management, Inc. has a one year low of $57.50 and a one year high of $117.15. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The company had revenue of $795.00 million during the quarter, compared to analyst estimates of $823.27 million. On average, research analysts forecast that Apollo Global Management, Inc. will post 7.43 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were issued a $0.43 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.72 annualized dividend and a yield of 1.53%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.45%.

Analysts Set New Price Targets

A number of research firms have commented on APO. Wells Fargo & Company lifted their target price on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. BMO Capital Markets increased their target price on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Barclays raised their price target on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.33.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.