Lido Advisors LLC Sells 4,571 Shares of Apollo Global Management Inc. $APO

Lido Advisors LLC lessened its holdings in shares of Apollo Global Management Inc. (NYSE:APOFree Report) by 28.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 11,783 shares of the financial services provider’s stock after selling 4,571 shares during the period. Lido Advisors LLC’s holdings in Apollo Global Management were worth $1,313,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in APO. Boston Partners lifted its stake in shares of Apollo Global Management by 106.7% in the 4th quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock valued at $474,384,000 after purchasing an additional 1,692,532 shares during the period. Temasek Holdings Private Ltd grew its stake in shares of Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares during the period. Focus Partners Wealth increased its holdings in Apollo Global Management by 2,560.3% in the fourth quarter. Focus Partners Wealth now owns 1,404,576 shares of the financial services provider’s stock valued at $203,324,000 after purchasing an additional 1,351,778 shares during the last quarter. Corient Private Wealth LLC increased its holdings in Apollo Global Management by 271.8% in the fourth quarter. Corient Private Wealth LLC now owns 1,024,143 shares of the financial services provider’s stock valued at $148,255,000 after purchasing an additional 748,697 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Apollo Global Management by 5,321.9% in the fourth quarter. Wellington Management Group LLP now owns 551,570 shares of the financial services provider’s stock valued at $79,845,000 after buying an additional 541,397 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 1.4%

Shares of Apollo Global Management stock opened at $124.32 on Tuesday. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29. The business has a 50-day moving average of $125.98 and a two-hundred day moving average of $123.76. The company has a market capitalization of $71.68 billion, a P/E ratio of 79.19, a price-to-earnings-growth ratio of 1.07 and a beta of 1.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73.

Apollo Global Management (NYSE:APOGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter last year, the firm posted $1.82 earnings per share. Apollo Global Management’s revenue was down 8.8% compared to the same quarter last year. As a group, equities analysts predict that Apollo Global Management Inc. will post 8.19 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.5625 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, May 19th. This represents a $2.25 annualized dividend and a yield of 1.8%. Apollo Global Management’s dividend payout ratio is 143.31%.

Insider Buying and Selling

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APO. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a report on Monday, July 20th. Piper Sandler cut their price target on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. HSBC started coverage on shares of Apollo Global Management in a research note on Monday, July 20th. They set a “buy” rating and a $145.00 price objective on the stock. Wall Street Zen downgraded shares of Apollo Global Management from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Royal Bank Of Canada cut their target price on shares of Apollo Global Management from $146.00 to $137.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.08.

View Our Latest Analysis on APO

About Apollo Global Management

(Free Report)

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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