Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Point72 Europe London LLP

Point72 Europe London LLP decreased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 8.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,807 shares of the financial services provider’s stock after selling 4,299 shares during the quarter. Point72 Europe London LLP’s holdings in Apollo Global Management were worth $5,645,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in Apollo Global Management in the 2nd quarter valued at about $35,000. J.Safra Asset Management Corp lifted its stake in shares of Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 305 shares during the period. True Wealth Design LLC bought a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $33,000. Riverview Trust Co bought a new position in shares of Apollo Global Management in the first quarter valued at approximately $45,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $38,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APO has been the subject of a number of research reports. Evercore ISI increased their price target on Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Redburn Atlantic began coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Keefe, Bruyette & Woods boosted their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and cut their price target for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.06.

Insider Transactions at Apollo Global Management

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

Apollo Global Management Trading Down 0.1 %

NYSE APO opened at $125.06 on Wednesday. The firm’s 50 day moving average price is $113.72 and its two-hundred day moving average price is $113.94. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. Apollo Global Management, Inc. has a twelve month low of $77.11 and a twelve month high of $126.93. The stock has a market cap of $71.05 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 1.13 and a beta of 1.61.

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

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.4625 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.48%. Apollo Global Management’s dividend payout ratio is 20.49%.

Apollo Global Management Company 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.