Centiva Capital LP Sells 4,192 Shares of Apollo Global Management, Inc. (NYSE:APO)

Centiva Capital LP reduced its stake in Apollo Global Management, Inc. (NYSE:APO) by 41.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,001 shares of the financial services provider’s stock after selling 4,192 shares during the quarter. Centiva Capital LP’s holdings in Apollo Global Management were worth $991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new position in Apollo Global Management in the fourth quarter worth $3,994,000. Fortress Financial Solutions LLC bought a new stake in Apollo Global Management during the fourth quarter worth about $685,000. Leavell Investment Management Inc. boosted its holdings in shares of Apollo Global Management by 39.8% in the 4th quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider’s stock worth $1,016,000 after purchasing an additional 1,750 shares in the last quarter. Amundi increased its position in shares of Apollo Global Management by 13.2% during the 4th quarter. Amundi now owns 801,260 shares of the financial services provider’s stock valued at $129,788,000 after purchasing an additional 93,451 shares during the last quarter. Finally, State of Michigan Retirement System purchased a new position in shares of Apollo Global Management during the 4th quarter valued at about $20,034,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on APO. Morgan Stanley reduced their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Piper Sandler reduced their target price on shares of Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating on the stock in a report on Monday. Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Monday. Barclays raised their price objective on Apollo Global Management from $145.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday. Finally, TD Cowen lowered their target price on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.85.

Insiders Place Their Bets

In related news, insider Leon D. Black sold 500,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the transaction, the chief financial officer now directly owns 373,164 shares of the company’s stock, valued at approximately $49,470,351.48. This trade represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 509,000 shares of company stock worth $72,321,680. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Trading Up 0.0 %

NYSE:APO opened at $129.34 on Thursday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $132.15 and a 200-day moving average price of $152.64. The stock has a market cap of $73.79 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.17 and a beta of 1.67.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The firm had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same period in the previous year, the firm posted $1.72 earnings per share. The business’s revenue was down 21.2% compared to the same quarter last year. Equities analysts predict that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.58%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 16th. Apollo Global Management’s dividend payout ratio is presently 35.73%.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.