Apollo Global Management, Inc. (NYSE:APO) Stock Position Lowered by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. lessened its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,274 shares of the financial services provider’s stock after selling 563 shares during the quarter. Apollo Global Management comprises approximately 4.1% of SMH Capital Advisors Inc.’s portfolio, making the stock its 5th largest position. SMH Capital Advisors Inc.’s holdings in Apollo Global Management were worth $1,331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Vanguard Group Inc. lifted its position in Apollo Global Management by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock valued at $3,824,342,000 after acquiring an additional 750,781 shares during the last quarter. Capital International Investors grew its position in shares of Apollo Global Management by 2.1% in the fourth quarter. Capital International Investors now owns 10,775,413 shares of the financial services provider’s stock valued at $1,004,161,000 after purchasing an additional 218,566 shares during the last quarter. Putnam Investments LLC grew its position in shares of Apollo Global Management by 2.8% in the fourth quarter. Putnam Investments LLC now owns 5,939,220 shares of the financial services provider’s stock valued at $553,476,000 after purchasing an additional 164,400 shares during the last quarter. Capital Research Global Investors grew its position in shares of Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after purchasing an additional 1,360,525 shares during the last quarter. Finally, TD Asset Management Inc grew its position in shares of Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after purchasing an additional 97,797 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insiders Place Their Bets

In other news, Director Pauline Richards purchased 2,351 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the acquisition, the director now directly 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 can be accessed through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their price target for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Barclays lowered their price target on shares of Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Wells Fargo & Company began coverage on shares of Apollo Global Management in a report on Thursday, September 12th. They set an “overweight” rating and a $132.00 price objective for the company. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.06.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $117.57 on Thursday. The firm has a 50 day simple moving average of $113.58 and a 200 day simple moving average of $113.49. The company has a market cap of $66.80 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.13 and a beta of 1.61. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $126.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. 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. Research analysts predict that Apollo Global Management, Inc. will post 6.62 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 annualized dividend and a yield of 1.57%. Apollo Global Management’s dividend payout ratio is currently 20.49%.

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.