Apollo Global Management Inc. $APO Holdings Trimmed by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lowered its position in shares of Apollo Global Management Inc. (NYSE:APO) by 8.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,418 shares of the financial services provider’s stock after selling 3,304 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Apollo Global Management were worth $5,025,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. boosted its holdings in Apollo Global Management by 0.6% during the second quarter. Asset Management One Co. Ltd. now owns 172,141 shares of the financial services provider’s stock worth $24,422,000 after buying an additional 946 shares in the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new stake in shares of Apollo Global Management during the 2nd quarter worth $2,676,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in shares of Apollo Global Management during the 2nd quarter worth $7,900,000. Bleakley Financial Group LLC boosted its position in shares of Apollo Global Management by 0.9% in the 2nd quarter. Bleakley Financial Group LLC now owns 20,039 shares of the financial services provider’s stock valued at $2,843,000 after purchasing an additional 183 shares during the period. Finally, Ethic Inc. boosted its position in shares of Apollo Global Management by 8.2% in the 2nd quarter. Ethic Inc. now owns 55,962 shares of the financial services provider’s stock valued at $7,998,000 after purchasing an additional 4,230 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 2.8%

Apollo Global Management stock opened at $122.97 on Friday. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $70.34 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 1.45 and a beta of 1.68. The firm has a fifty day moving average price of $132.91 and a two-hundred day moving average price of $135.85.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The company had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $1.64 earnings per share. As a group, analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s dividend payout ratio is 38.13%.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of recent analyst reports. Citigroup decreased their price objective on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Barclays decreased their target price on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. Morgan Stanley decreased their target price on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets started coverage on Apollo Global Management in a report on Friday, October 3rd. They set a “market perform” rating and a $132.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $162.57.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer owned 332,399 shares of the company’s stock, valued at $48,234,418.89. This represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Whitney Chatterjee sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the transaction, the insider directly owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 935,000 shares of company stock valued at $125,543,790. Insiders own 8.20% of the company’s stock.

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.