Yousif Capital Management LLC Decreases Holdings in Apollo Global Management Inc. $APO

Yousif Capital Management LLC trimmed its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 0.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 57,222 shares of the financial services provider’s stock after selling 320 shares during the quarter. Yousif Capital Management LLC’s holdings in Apollo Global Management were worth $8,118,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in APO. GAMMA Investing LLC raised its position in shares of Apollo Global Management by 61.8% during the 1st quarter. GAMMA Investing LLC now owns 4,478 shares of the financial services provider’s stock valued at $613,000 after buying an additional 1,710 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Apollo Global Management by 37.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 15,244 shares of the financial services provider’s stock valued at $2,088,000 after buying an additional 4,129 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Apollo Global Management during the 1st quarter valued at about $492,000. CVA Family Office LLC raised its position in shares of Apollo Global Management by 19.7% during the 1st quarter. CVA Family Office LLC now owns 534 shares of the financial services provider’s stock valued at $73,000 after buying an additional 88 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Apollo Global Management during the 1st quarter valued at about $39,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $122.54 on Tuesday. The firm has a market cap of $70.09 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.29 and a beta of 1.68. The firm’s 50 day simple moving average is $135.82 and its 200-day simple moving average is $136.08. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27.

Apollo Global Management (NYSE:APO) last issued its 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. The business had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same period last year, the company posted $1.64 earnings per share. As a group, equities analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

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

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the transaction, the insider directly owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Whitney Chatterjee sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider directly owned 83,192 shares in the company, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on APO. Wells Fargo & Company increased their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. BMO Capital Markets began coverage on shares of Apollo Global Management in a research report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price objective on the stock. Citigroup reduced their price objective on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday. Barclays reduced their price objective on shares of Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Finally, Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.14.

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.