Apollo Global Management Inc. $APO Shares Sold by MSA Advisors LLC

MSA Advisors LLC lessened its holdings in Apollo Global Management Inc. (NYSE:APO) by 6.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 859,802 shares of the financial services provider’s stock after selling 56,400 shares during the period. Apollo Global Management makes up 31.2% of MSA Advisors LLC’s holdings, making the stock its biggest holding. MSA Advisors LLC’s holdings in Apollo Global Management were worth $124,465,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Chesapeake Asset Management LLC boosted its holdings in Apollo Global Management by 3.6% in the fourth quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 72 shares in the last quarter. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Apollo Global Management by 0.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock worth $1,383,000 after purchasing an additional 80 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Apollo Global Management by 16.9% during the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 82 shares during the period. United Advisor Group LLC lifted its holdings in shares of Apollo Global Management by 4.7% during the fourth quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 87 shares during the period. Finally, Broadway Wealth Solutions Inc. lifted its holdings in shares of Apollo Global Management by 3.8% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Activity

In related news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction 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 sale, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. TD Cowen decreased their target price on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Argus raised Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. Piper Sandler lifted their target price on Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada boosted their price target on Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.23.

Apollo Global Management Trading Up 1.7%

Shares of NYSE:APO opened at $138.41 on Wednesday. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $157.28. The company has a market capitalization of $79.80 billion, a PE ratio of 88.16, a PEG ratio of 1.17 and a beta of 1.50. The business has a 50 day moving average of $126.23 and a two-hundred day moving average of $128.06. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the company posted $1.82 earnings per share. Apollo Global Management’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, analysts forecast that Apollo Global Management Inc. will post 8.28 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio is currently 143.31%.

About Apollo Global Management

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.