Assenagon Asset Management S.A. Sells 532,903 Shares of Apollo Global Management, Inc. (NYSE:APO)

Assenagon Asset Management S.A. cut its stake in shares of Apollo Global Management, Inc. (NYSE:APOGet Rating) by 98.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,040 shares of the financial services provider’s stock after selling 532,903 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Apollo Global Management were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in Apollo Global Management by 31.9% during the second quarter. EverSource Wealth Advisors LLC now owns 732 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 177 shares during the last quarter. Cowen Prime Advisors LLC lifted its holdings in shares of Apollo Global Management by 0.5% in the 2nd quarter. Cowen Prime Advisors LLC now owns 46,064 shares of the financial services provider’s stock worth $2,233,000 after acquiring an additional 220 shares during the last quarter. Carson Advisory Inc. lifted its holdings in shares of Apollo Global Management by 4.4% in the 2nd quarter. Carson Advisory Inc. now owns 5,927 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 250 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Apollo Global Management by 1.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,420 shares of the financial services provider’s stock worth $1,182,000 after acquiring an additional 256 shares during the last quarter. Finally, Wellington Shields & Co. LLC lifted its holdings in shares of Apollo Global Management by 2.8% in the 2nd quarter. Wellington Shields & Co. LLC now owns 9,557 shares of the financial services provider’s stock worth $463,000 after acquiring an additional 259 shares during the last quarter. 68.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Apollo Global Management to $74.00 in a report on Wednesday, December 14th. Bank of America upgraded shares of Apollo Global Management from an “underperform” rating to a “neutral” rating in a report on Friday, September 23rd. They noted that the move was a valuation call. TheStreet downgraded shares of Apollo Global Management from a “c” rating to a “d+” rating in a research note on Wednesday, November 2nd. Barclays lifted their target price on shares of Apollo Global Management from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, January 12th. Finally, Keefe, Bruyette & Woods downgraded shares of Apollo Global Management from an “outperform” rating to a “market perform” rating and set a $77.00 target price on the stock. in a research note on Monday, January 2nd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $75.64.

Insider Activity

In other news, CFO Martin Kelly sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $64.88, for a total transaction of $1,297,600.00. Following the sale, the chief financial officer now owns 431,486 shares in the company, valued at approximately $27,994,811.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 15.40% of the company’s stock.

Apollo Global Management Stock Down 1.5 %

Shares of Apollo Global Management stock opened at $68.03 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.08. The company’s fifty day simple moving average is $64.79 and its two-hundred day simple moving average is $58.08. The company has a market cap of $38.93 billion, a P/E ratio of -12.06, a PEG ratio of 0.61 and a beta of 1.72. Apollo Global Management, Inc. has a 12-month low of $45.62 and a 12-month high of $71.72.

Apollo Global Management (NYSE:APOGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $621.08 million. Research analysts anticipate that Apollo Global Management, Inc. will post 5 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Thursday, November 17th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Wednesday, November 16th. 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.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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