Apollo Global Management, Inc. (NYSE:APO) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc decreased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 59.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,144 shares of the financial services provider’s stock after selling 3,200 shares during the period. InTrack Investment Management Inc’s holdings in Apollo Global Management were worth $241,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of APO. CWA Asset Management Group LLC boosted its holdings in shares of Apollo Global Management by 2.8% in the 4th quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock valued at $317,000 after buying an additional 94 shares during the period. Perigon Wealth Management LLC grew its holdings in shares of Apollo Global Management by 4.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,727 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 107 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Apollo Global Management by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 27,775 shares of the financial services provider’s stock worth $2,588,000 after purchasing an additional 117 shares during the period. Compass Wealth Management LLC lifted its holdings in shares of Apollo Global Management by 48.7% in the 1st quarter. Compass Wealth Management LLC now owns 446 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 146 shares during the last quarter. Finally, CWM LLC boosted its position in Apollo Global Management by 3.0% during the 4th quarter. CWM LLC now owns 5,727 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 169 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the completion of the transaction, the chief financial officer now directly owns 359,445 shares in the company, valued at $40,002,634.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Stock Performance

NYSE:APO opened at $120.03 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $114.63 and a 200-day moving average of $108.45. Apollo Global Management, Inc. has a twelve month low of $73.77 and a twelve month high of $120.18. The firm has a market cap of $68.20 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.21). The company had revenue of $839.00 million during the quarter, compared to the consensus estimate of $827.33 million. Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. Analysts forecast that Apollo Global Management, Inc. will post 7.14 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a $0.463 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, May 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.54%. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on APO shares. Jefferies Financial Group cut their target price on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Evercore ISI boosted their target price on shares of Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. BMO Capital Markets raised their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Barclays decreased their price objective on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. Finally, StockNews.com raised Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Thursday, June 27th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.62.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.