Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC reduced its stake in Apollo Global Management, Inc. (NYSE:APO) by 10.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,085 shares of the financial services provider’s stock after selling 5,077 shares during the period. Procyon Advisors LLC’s holdings in Apollo Global Management were worth $5,382,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in APO. Chicago Partners Investment Group LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter worth about $230,000. Centaurus Financial Inc. raised its holdings in shares of Apollo Global Management by 21.6% during the fourth quarter. Centaurus Financial Inc. now owns 3,102 shares of the financial services provider’s stock valued at $289,000 after buying an additional 551 shares during the last quarter. EP Wealth Advisors LLC boosted its position in shares of Apollo Global Management by 11.8% during the fourth quarter. EP Wealth Advisors LLC now owns 2,837 shares of the financial services provider’s stock worth $264,000 after buying an additional 300 shares during the period. Fisher Asset Management LLC bought a new position in Apollo Global Management in the 4th quarter worth approximately $266,000. Finally, SageView Advisory Group LLC increased its position 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 valued at $279,000 after acquiring an additional 244 shares during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Price Performance

APO opened at $141.31 on Monday. Apollo Global Management, Inc. has a 12-month low of $77.11 and a 12-month high of $141.31. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $80.29 billion, a P/E ratio of 15.53, a PEG ratio of 1.39 and a beta of 1.62. The stock has a fifty day moving average of $116.77 and a 200-day moving average of $115.83.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate 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 period last year, the firm earned $1.54 EPS. Equities analysts forecast that Apollo Global Management, Inc. will post 6.66 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a yield of 1.31%. Apollo Global Management’s payout ratio is 20.49%.

Insider Buying and Selling at Apollo Global Management

In other news, Director Pauline Richards bought 2,351 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APO. Evercore ISI raised their price target on Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Argus decreased their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Morgan Stanley boosted their target price on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday. BMO Capital Markets increased their price target on Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group boosted their price objective on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.06.

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.