SG Americas Securities LLC Reduces Stake in Apollo Global Management, Inc. (NYSE:APO)

SG Americas Securities LLC lowered its position in Apollo Global Management, Inc. (NYSE:APOFree Report) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,912 shares of the financial services provider’s stock after selling 2,675 shares during the period. SG Americas Securities LLC’s holdings in Apollo Global Management were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in Apollo Global Management by 129.8% in the 4th quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock worth $61,497,000 after purchasing an additional 371,721 shares in the last quarter. Pathstone Family Office LLC boosted its position in Apollo Global Management by 28.6% in the 3rd quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 6,000 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Apollo Global Management by 43.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 420,901 shares of the financial services provider’s stock worth $37,780,000 after purchasing an additional 127,722 shares in the last quarter. FMR LLC boosted its position in Apollo Global Management by 18.9% in the 3rd quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock worth $892,973,000 after purchasing an additional 1,584,201 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Apollo Global Management by 190.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 387,574 shares of the financial services provider’s stock worth $34,789,000 after purchasing an additional 254,105 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wells Fargo & Company upped their price objective on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Citigroup upped their target price on Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. JPMorgan Chase & Co. started coverage on Apollo Global Management in a research note on Wednesday, February 28th. They set an “overweight” rating and a $122.00 target price for the company. Finally, Morgan Stanley upped their target price on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $107.92.

Get Our Latest Stock Analysis on Apollo Global Management

Apollo Global Management Stock Up 1.8 %

NYSE APO opened at $112.59 on Thursday. Apollo Global Management, Inc. has a one year low of $57.50 and a one year high of $116.55. The company has a market cap of $63.97 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.85 and a beta of 1.63. The business has a fifty day moving average price of $109.35 and a 200 day moving average price of $96.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54.

Apollo Global Management (NYSE:APOGet Free Report) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. Research analysts anticipate that Apollo Global Management, Inc. will post 7.48 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.45%.

Insiders Place Their Bets

In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the sale, the insider now directly owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider James C. Zelter sold 150,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the transaction, the insider now directly owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following the transaction, the insider now owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The disclosure for this sale can be found here. Insiders sold 1,426,000 shares of company stock valued at $158,226,960 in the last three months. 8.70% of the stock is currently owned by insiders.

About Apollo Global Management

(Free Report)

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.

Further Reading

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

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.