Intech Investment Management LLC Has $3.52 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Intech Investment Management LLC trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 66.1% during the second quarter, Holdings Channel.com reports. The fund owned 29,810 shares of the financial services provider’s stock after selling 58,184 shares during the quarter. Intech Investment Management LLC’s holdings in Apollo Global Management were worth $3,520,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC increased its position in Apollo Global Management by 112.3% during the first quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock worth $117,558,000 after acquiring an additional 552,893 shares during the period. CenterBook Partners LP increased its position in Apollo Global Management by 59.9% during the fourth quarter. CenterBook Partners LP now owns 20,739 shares of the financial services provider’s stock worth $1,933,000 after acquiring an additional 7,769 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Apollo Global Management by 49.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 52,576 shares of the financial services provider’s stock worth $4,900,000 after acquiring an additional 17,361 shares during the period. Empowered Funds LLC increased its position in Apollo Global Management by 193.3% during the first quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock worth $5,755,000 after acquiring an additional 33,731 shares during the period. Finally, Diversified Trust Co bought a new position in Apollo Global Management during the first quarter worth about $1,731,000. 77.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on APO. Redburn Atlantic began coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Redburn Partners started coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. Keefe, Bruyette & Woods raised their target price on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Argus decreased their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.06.

Insider Buying and Selling

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the transaction, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Trading Up 2.4 %

Shares of Apollo Global Management stock opened at $124.48 on Monday. The firm has a market capitalization of $70.72 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $113.64 and its 200 day moving average is $113.73. Apollo Global Management, Inc. has a 1 year low of $77.11 and a 1 year high of $126.45.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. During the same quarter in the prior year, the business earned $1.54 earnings per share. Equities research analysts forecast that Apollo Global Management, Inc. will post 6.62 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a yield of 1.49%. Apollo Global Management’s dividend payout ratio is presently 20.49%.

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.