Apollo Global Management Inc. $APO Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA cut its holdings in Apollo Global Management Inc. (NYSE:APO) by 47.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 895 shares of the financial services provider’s stock after selling 815 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Apollo Global Management were worth $127,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of APO. Principal Financial Group Inc. boosted its position in 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 acquiring an additional 7,441 shares during the last quarter. Clearview Wealth Advisors LLC boosted its position in Apollo Global Management by 420.7% during the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider’s stock worth $2,952,000 after acquiring an additional 17,418 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Apollo Global Management during the first quarter worth approximately $871,000. Elevation Point Wealth Partners LLC acquired a new stake in Apollo Global Management during the first quarter worth approximately $492,000. Finally, True North Advisors LLC acquired a new stake in Apollo Global Management during the first quarter worth approximately $2,097,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Whitney Chatterjee sold 4,500 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 transaction of $122,637,450.00. Following the completion of the transaction, the insider directly owned 4,526,000 shares in the company, valued at approximately $606,619,780. This represents a 16.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 935,000 shares of company stock valued at $125,543,790. Company insiders own 8.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on APO. Citigroup raised their target price on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Wells Fargo & Company raised their target price 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. Evercore ISI lifted their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Barclays lifted their price target on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.93.

Apollo Global Management Stock Down 2.4%

Shares of APO opened at $130.05 on Thursday. The firm has a market cap of $74.39 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. The company’s fifty day moving average is $139.35 and its two-hundred day moving average is $137.19. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37.

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, beating analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The business had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $1.64 EPS. Analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

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

About Apollo Global Management

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.