Vontobel Holding Ltd. Sells 12,633 Shares of Apollo Global Management, Inc. (NYSE:APO)

Vontobel Holding Ltd. lowered its holdings in Apollo Global Management, Inc. (NYSE:APO) by 64.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,918 shares of the financial services provider’s stock after selling 12,633 shares during the period. Vontobel Holding Ltd.’s holdings in Apollo Global Management were worth $864,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in APO. Empowered Funds LLC raised its holdings in shares of Apollo Global Management by 193.3% in the 1st quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock valued at $5,755,000 after purchasing an additional 33,731 shares during the period. Diversified Trust Co bought a new position in Apollo Global Management during the first quarter worth $1,731,000. Jennison Associates LLC lifted its position in Apollo Global Management by 199.8% during the first quarter. Jennison Associates LLC now owns 925,222 shares of the financial services provider’s stock worth $104,041,000 after acquiring an additional 616,575 shares during the last quarter. PGGM Investments acquired a new position in Apollo Global Management in the 1st quarter valued at $840,000. Finally, Tempus Wealth Planning LLC bought a new position in Apollo Global Management during the first quarter worth about $877,000. Institutional investors own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the purchase, the director now directly owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO opened at $145.01 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average price of $120.81 and a two-hundred day moving average price of $116.89. The firm has a market capitalization of $82.39 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.39 and a beta of 1.62. Apollo Global Management, Inc. has a 52 week low of $77.11 and a 52 week high of $146.82.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. During the same period in the prior year, the firm posted $1.54 earnings per share. Equities analysts forecast that Apollo Global Management, Inc. will post 6.66 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. Stockholders of record on Friday, August 16th were paid 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 1.28%. Apollo Global Management’s payout ratio is presently 20.49%.

Analyst Ratings Changes

Several brokerages have recently issued reports on APO. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price target for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Evercore ISI lifted their price target on Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Redburn Atlantic began coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. Barclays lifted their price target on Apollo Global Management from $128.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Redburn Partners initiated coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.06.

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.