Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,563 shares of the financial services provider’s stock after selling 580 shares during the period. Central Bank & Trust Co.’s holdings in Apollo Global Management were worth $1,310,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of APO. Fourth Dimension Wealth LLC acquired a new stake in Apollo Global Management during the 4th quarter valued at $25,000. Hopwood Financial Services Inc. purchased a new position in shares of Apollo Global Management during the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management during the fourth quarter worth approximately $34,000. Byrne Asset Management LLC acquired a new position in Apollo Global Management in the fourth quarter valued at $37,000. Finally, HM Payson & Co. acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $45,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Apollo Global Management news, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now owns 621,754 shares of the company’s stock, valued at approximately $69,257,178.06. This represents a 4,331.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the transaction, the chief financial officer now directly owns 373,164 shares in the company, valued at $49,470,351.48. This trade represents a 1.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $133.45 on Friday. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $76.27 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.17 and a beta of 1.59. The firm’s 50-day moving average is $130.66 and its 200-day moving average is $149.81.

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

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.53%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is presently 35.73%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APO. TD Cowen reduced their price target on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Monday, May 5th. UBS Group lowered their price objective on shares of Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company raised their target price on shares of Apollo Global Management from $158.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, May 23rd. Finally, Barclays increased their price target on Apollo Global Management from $145.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $159.00.

Apollo Global Management Company 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.