Raymond James Financial Services Advisors Inc. Sells 9,511 Shares of Apollo Global Management, Inc. (NYSE:APO)

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO – Get Rating) by 15.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,008 shares of the financial services provider’s stock after selling 9,511 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Apollo Global Management were worth $2,511,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in APO. TD Asset Management Inc. lifted its position in shares of Apollo Global Management by 20.2% during the 2nd quarter. TD Asset Management Inc. now owns 70,436 shares of the financial services provider’s stock worth $3,415,000 after buying an additional 11,816 shares during the period. Sunflower Bank N.A. raised its stake in Apollo Global Management by 14.9% during the second quarter. Sunflower Bank N.A. now owns 6,133 shares of the financial services provider’s stock worth $297,000 after acquiring an additional 796 shares in the last quarter. Iron Horse Wealth Management LLC bought a new position in shares of Apollo Global Management during the third quarter valued at $97,000. Poplar Forest Capital LLC lifted its holdings in shares of Apollo Global Management by 6.2% during the second quarter. Poplar Forest Capital LLC now owns 4,686 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 275 shares during the period. Finally, Stone Point Wealth LLC acquired a new stake in shares of Apollo Global Management in the 2nd quarter valued at $203,000. 68.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on APO. Oppenheimer lifted their price target on shares of Apollo Global Management to $74.00 in a report on Wednesday, December 14th. Credit Suisse Group initiated coverage on shares of Apollo Global Management in a research note on Tuesday, October 18th. They issued an “outperform” rating and a $59.50 target price for the company. Wells Fargo & Company increased their price target on Apollo Global Management from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 11th. Barclays lifted their price objective on Apollo Global Management from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Apollo Global Management from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, November 15th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.64.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $64.88, for a total transaction of $1,297,600.00. Following the transaction, the chief financial officer now owns 431,486 shares in the company, valued at $27,994,811.68. The sale was disclosed in a document filed with the SEC, which is available through this link. 15.40% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $69.71 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.08. Apollo Global Management, Inc. has a 1-year low of $45.62 and a 1-year high of $71.72. The stock has a market capitalization of $39.89 billion, a P/E ratio of -12.36, a P/E/G ratio of 0.61 and a beta of 1.72. The business has a 50-day moving average price of $64.41 and a two-hundred day moving average price of $57.72.

Apollo Global Management (NYSE:APO – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. Apollo Global Management had a negative net margin of 48.54% and a positive return on equity of 64.38%. The business had revenue of $670.50 million during the quarter, compared to the consensus estimate of $621.08 million. Equities analysts predict that Apollo Global Management, Inc. will post 5 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Thursday, November 17th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.30%. Apollo Global Management’s dividend payout ratio (DPR) is presently -28.37%.

Apollo Global Management Company Profile

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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.