Apollo Global Management Inc. $APO Shares Sold by Integrity Alliance LLC.

Integrity Alliance LLC. decreased its position in Apollo Global Management Inc. (NYSE:APO) by 43.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,660 shares of the financial services provider’s stock after selling 1,293 shares during the quarter. Integrity Alliance LLC.’s holdings in Apollo Global Management were worth $236,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of APO. Mather Group LLC. grew its position in shares of Apollo Global Management by 1,161.6% during the first quarter. Mather Group LLC. now owns 921 shares of the financial services provider’s stock worth $126,000 after buying an additional 848 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Apollo Global Management by 449.2% during the first quarter. First Horizon Advisors Inc. now owns 1,340 shares of the financial services provider’s stock worth $184,000 after buying an additional 1,096 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Apollo Global Management by 1.4% during the first quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider’s stock worth $75,347,000 after buying an additional 7,441 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Apollo Global Management by 16.4% during the first quarter. D.A. Davidson & CO. now owns 11,740 shares of the financial services provider’s stock worth $1,608,000 after buying an additional 1,658 shares in the last quarter. Finally, World Investment Advisors grew its position in shares of Apollo Global Management by 1.3% during the first quarter. World Investment Advisors now owns 7,089 shares of the financial services provider’s stock worth $971,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Up 0.8%

Apollo Global Management stock opened at $124.48 on Monday. The firm’s 50-day moving average is $131.50 and its 200-day moving average is $136.20. 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 Inc. has a 1 year low of $102.58 and a 1 year high of $189.49. The company has a market cap of $71.21 billion, a P/E ratio of 23.27, a PEG ratio of 1.42 and a beta of 1.68.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.08. The company had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate 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 firm posted $1.64 EPS. On average, equities analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Monday, August 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 38.13%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APO. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. Evercore ISI raised their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Morgan Stanley decreased their price target on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. Wells Fargo & Company lifted their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Finally, Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. One 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $162.57.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the sale, the insider owned 4,526,000 shares in the company, valued at $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 935,000 shares of company stock worth $125,543,790. 8.20% of the stock is owned by insiders.

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.