Twin Capital Management Inc. Sells 6,588 Shares of Apollo Global Management Inc. $APO

Twin Capital Management Inc. cut its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 65.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,462 shares of the financial services provider’s stock after selling 6,588 shares during the period. Twin Capital Management Inc.’s holdings in Apollo Global Management were worth $501,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Plato Investment Management Ltd boosted its stake in Apollo Global Management by 100.3% in the third quarter. Plato Investment Management Ltd now owns 10,888 shares of the financial services provider’s stock valued at $1,440,000 after acquiring an additional 5,452 shares in the last quarter. NEOS Investment Management LLC boosted its stake in Apollo Global Management by 48.7% in the third quarter. NEOS Investment Management LLC now owns 52,506 shares of the financial services provider’s stock valued at $6,997,000 after acquiring an additional 17,204 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Apollo Global Management by 11.0% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 900,554 shares of the financial services provider’s stock valued at $120,017,000 after acquiring an additional 89,439 shares in the last quarter. Cornerstone Investment Partners LLC boosted its stake in Apollo Global Management by 23.6% in the third quarter. Cornerstone Investment Partners LLC now owns 630,520 shares of the financial services provider’s stock valued at $84,029,000 after acquiring an additional 120,558 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Apollo Global Management by 4.0% in the third quarter. Swiss National Bank now owns 1,257,314 shares of the financial services provider’s stock valued at $167,562,000 after acquiring an additional 48,400 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on APO shares. Barclays raised their target price on shares of Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings downgraded shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Piper Sandler lowered their price objective on shares of Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. JPMorgan Chase & Co. lowered their price objective on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Finally, TD Cowen lowered their price objective on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $150.38.

Apollo Global Management Trading Down 1.0%

NYSE:APO opened at $130.98 on Friday. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $157.28. The firm has a fifty day simple moving average of $118.36 and a 200-day simple moving average of $127.96. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $75.51 billion, a P/E ratio of 83.43, a PEG ratio of 1.11 and a beta of 1.52.

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 during the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 earnings per share. On average, equities research analysts anticipate that Apollo Global Management Inc. will post 8.32 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a dividend of $0.5625 per share. This is a boost 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%. The ex-dividend date is Tuesday, May 19th. Apollo Global Management’s payout ratio is presently 143.31%.

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.