Kingfisher Capital LLC Has $11.01 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Kingfisher Capital LLC cut its position in Apollo Global Management, Inc. (NYSE:APO) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,279 shares of the financial services provider’s stock after selling 896 shares during the quarter. Apollo Global Management comprises about 2.6% of Kingfisher Capital LLC’s holdings, making the stock its 6th largest position. Kingfisher Capital LLC’s holdings in Apollo Global Management were worth $11,013,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in APO. Quest Partners LLC bought a new stake in Apollo Global Management in the 4th quarter valued at about $83,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Apollo Global Management by 49.3% in 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 purchasing an additional 17,361 shares in the last quarter. US Bancorp DE raised its position in shares of Apollo Global Management by 24.2% in the fourth quarter. US Bancorp DE now owns 8,263 shares of the financial services provider’s stock valued at $770,000 after purchasing an additional 1,608 shares during the period. SageView Advisory Group LLC boosted its holdings in Apollo Global Management by 9.7% in the 4th quarter. SageView Advisory Group LLC now owns 2,751 shares of the financial services provider’s stock worth $279,000 after buying an additional 244 shares during the period. Finally, Orion Portfolio Solutions LLC grew its stake in Apollo Global Management by 206.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 8,075 shares of the financial services provider’s stock valued at $778,000 after buying an additional 5,438 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on APO. Argus dropped their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft reduced 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 research note on Thursday, August 15th. Evercore ISI raised their price target on shares of Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $129.06.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $125.06 on Wednesday. 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 company has a 50-day moving average price of $113.72 and a 200-day moving average price of $113.94. The company has a market cap of $71.05 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. Apollo Global Management, Inc. has a 12 month low of $77.11 and a 12 month high of $126.93.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results 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). The business had revenue of $6.02 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $1.54 EPS. As a group, equities analysts anticipate that Apollo Global Management, Inc. will post 6.62 EPS for the current year.

Apollo Global Management Cuts Dividend

The business also recently declared 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. This represents a $1.85 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Insider Buying and Selling

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

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.