Livforsakringsbolaget Skandia Omsesidigt Lowers Stake in Apollo Global Management, Inc. (NYSE:APO)

Livforsakringsbolaget Skandia Omsesidigt lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 9.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,290 shares of the financial services provider’s stock after selling 8,700 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Apollo Global Management were worth $6,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of APO. Parkside Financial Bank & Trust raised its position in Apollo Global Management by 7,183.3% during the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 431 shares during the period. Sunbelt Securities Inc. purchased a new position in Apollo Global Management in the 1st quarter valued at about $30,000. Zions Bancorporation N.A. purchased a new position in Apollo Global Management in the 1st quarter valued at about $30,000. Ronald Blue Trust Inc. boosted its holdings in Apollo Global Management by 274.8% in the 1st quarter. Ronald Blue Trust Inc. now owns 491 shares of the financial services provider’s stock worth $31,000 after buying an additional 360 shares during the last quarter. Finally, Close Asset Management Ltd purchased a new stake in Apollo Global Management during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 60.86% of the company’s stock.

Apollo Global Management Trading Down 0.2 %

NYSE:APO traded down $0.20 on Thursday, reaching $90.40. The company’s stock had a trading volume of 534,400 shares, compared to its average volume of 2,583,952. Apollo Global Management, Inc. has a 12-month low of $45.62 and a 12-month high of $91.70. The stock has a 50 day moving average price of $82.73 and a 200 day moving average price of $72.05. The firm has a market cap of $51.24 billion, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 0.62 and a beta of 1.67. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.85.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.06). Apollo Global Management had a return on equity of 109.78% and a net margin of 4.91%. The business had revenue of $793.00 million for the quarter, compared to analyst estimates of $781.82 million. On average, equities analysts anticipate that Apollo Global Management, Inc. will post 6.3 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 18th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, August 17th. Apollo Global Management’s dividend payout ratio (DPR) is 81.52%.

Insider Transactions at Apollo Global Management

In other news, insider James C. Zelter sold 3,010 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $77.51, for a total transaction of $233,305.10. Following the completion of the transaction, the insider now directly owns 5,776,159 shares in the company, valued at $447,710,084.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Apollo Global Management news, insider James C. Zelter sold 11,093 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $77.53, for a total value of $860,040.29. Following the completion of the transaction, the insider now owns 5,779,169 shares in the company, valued at $448,058,972.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James C. Zelter sold 3,010 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $77.51, for a total value of $233,305.10. Following the completion of the sale, the insider now owns 5,776,159 shares in the company, valued at $447,710,084.09. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,659 shares of company stock worth $8,696,359. 8.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on APO. Citigroup boosted their price target on Apollo Global Management from $91.00 to $100.00 in a research report on Friday, August 4th. Barclays upped their target price on shares of Apollo Global Management from $92.00 to $104.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. The Goldman Sachs Group increased their target price on shares of Apollo Global Management from $86.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Finally, Morgan Stanley increased their price objective on shares of Apollo Global Management from $81.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.79.

About Apollo Global Management

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.