Paradigm Asset Management Co. LLC Has $207,000 Holdings in Apollo Global Management Inc. $APO

Paradigm Asset Management Co. LLC lowered its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 32.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,456 shares of the financial services provider’s stock after selling 700 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Apollo Global Management were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of APO. GW&K Investment Management LLC grew its holdings in Apollo Global Management by 84.5% during the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares during the period. Activest Wealth Management grew its holdings in shares of Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after buying an additional 175 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of Apollo Global Management by 6,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after buying an additional 207 shares in the last quarter. Andra AP fonden bought a new stake in shares of Apollo Global Management in the 2nd quarter valued at $31,000. Finally, Bay Harbor Wealth Management LLC raised its stake in Apollo Global Management by 5,200.0% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock worth $38,000 after buying an additional 260 shares during the period. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APO. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday, October 8th. Morgan Stanley lowered their target price on Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Barclays lifted their price target on shares of Apollo Global Management from $147.00 to $158.00 and gave the company an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares of the company’s stock, valued at $606,619,780. The trade was a 16.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 15,500 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the sale, the chief financial officer directly owned 332,399 shares of the company’s stock, valued at approximately $48,234,418.89. The trade was a 4.46% decrease in their position. The SEC filing for this sale provides additional information. 8.20% of the stock is currently owned by insiders.

Apollo Global Management Trading Up 2.6%

NYSE:APO opened at $132.34 on Friday. The company has a market cap of $75.70 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The business has a 50 day moving average price of $130.95 and a two-hundred day moving average price of $136.31. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.24. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The business had revenue of $9.94 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The firm’s revenue for the quarter was down 20.9% on a year-over-year basis. As a group, analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be issued a $0.51 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. Apollo Global Management’s dividend payout ratio (DPR) is presently 29.82%.

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.