O ROURKE & COMPANY Inc Trims Stock Position in Apollo Global Management Inc. $APO

O ROURKE & COMPANY Inc reduced its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,701 shares of the financial services provider’s stock after selling 343 shares during the quarter. Apollo Global Management makes up about 1.6% of O ROURKE & COMPANY Inc’s holdings, making the stock its 14th biggest holding. O ROURKE & COMPANY Inc’s holdings in Apollo Global Management were worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. GW&K Investment Management LLC boosted its holdings in shares of Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after buying an additional 87 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Apollo Global Management by 285.0% during the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock valued at $32,000 after buying an additional 171 shares in the last quarter. Farmers & Merchants Investments Inc. bought a new stake in shares of Apollo Global Management during the 1st quarter valued at $39,000. Rise Advisors LLC bought a new stake in shares of Apollo Global Management during the 1st quarter valued at $42,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Apollo Global Management by 118.6% during the 1st quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider’s stock valued at $43,000 after buying an additional 172 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APO has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Barclays upped their price target on shares of Apollo Global Management from $156.00 to $168.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Finally, Citigroup upped their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $166.27.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the transaction, the insider directly owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Whitney Chatterjee sold 4,500 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the sale, the insider owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 935,000 shares of company stock valued at $125,543,790. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Trading Down 3.7%

Shares of APO opened at $133.38 on Wednesday. The company has a 50 day simple moving average of $139.78 and a two-hundred day simple moving average of $137.24. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $189.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $76.29 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.49 and a beta of 1.69.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The firm had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $1.64 earnings per share. On average, equities analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Apollo Global Management’s dividend payout ratio (DPR) is 38.13%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.