Bleakley Financial Group LLC Sells 6,176 Shares of Apollo Global Management, Inc. (NYSE:APO)

Bleakley Financial Group LLC reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,208 shares of the financial services provider’s stock after selling 6,176 shares during the quarter. Bleakley Financial Group LLC’s holdings in Apollo Global Management were worth $1,604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in shares of Apollo Global Management by 7,183.3% in the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 431 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Apollo Global Management in the first quarter valued at $30,000. Zions Bancorporation N.A. acquired a new position in shares of Apollo Global Management in the first quarter valued at $30,000. Sugarloaf Wealth Management LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at $31,000. Finally, Blue Trust Inc. increased its holdings in shares of Apollo Global Management by 151.4% in the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 221 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on APO shares. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Citigroup upped their price target on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Wells Fargo & Company upped their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. started coverage on shares of Apollo Global Management in a research note on Wednesday, February 28th. They issued an “overweight” rating and a $122.00 price target on the stock. Finally, TD Cowen started coverage on shares of Apollo Global Management in a research note on Thursday, January 4th. They issued an “outperform” rating and a $115.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $110.62.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the transaction, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the transaction, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 450,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the completion of the transaction, the insider now owns 42,604,773 shares of the company’s stock, valued at approximately $4,716,774,418.83. The disclosure for this sale can be found here. Insiders sold a total of 1,426,000 shares of company stock worth $158,226,960 in the last quarter. 8.70% of the stock is owned by insiders.

Apollo Global Management Stock Up 2.1 %

APO stock opened at $114.22 on Thursday. The stock has a market capitalization of $64.90 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 0.98 and a beta of 1.63. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management, Inc. has a 12 month low of $57.50 and a 12 month high of $117.15. The firm has a 50-day moving average price of $110.64 and a 200-day moving average price of $97.56.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. As a group, equities research analysts anticipate that Apollo Global Management, Inc. will post 7.51 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. Stockholders of record on Tuesday, February 20th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.51%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.45%.

Apollo Global Management Company Profile

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.