Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,279,509 shares of the financial services provider’s stock after selling 72,100 shares during the period. Federated Hermes Inc. owned approximately 0.23% of Apollo Global Management worth $119,237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $31,000. CVA Family Office LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $34,000. Blue Trust Inc. lifted its stake in shares of Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after buying an additional 221 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Apollo Global Management by 7,183.3% during the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 431 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new position in shares of Apollo Global Management during the third quarter worth $39,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

APO traded up $0.77 on Thursday, reaching $108.26. 438,910 shares of the company’s stock were exchanged, compared to its average volume of 2,347,976. The stock has a market cap of $61.51 billion, a PE ratio of 12.78, a P/E/G ratio of 0.89 and a beta of 1.63. Apollo Global Management, Inc. has a twelve month low of $57.50 and a twelve month high of $117.15. The stock’s fifty day moving average price is $111.22 and its 200-day moving average price is $98.22. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. Sell-side analysts expect that Apollo Global Management, Inc. will post 7.49 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a yield of 1.59%. Apollo Global Management’s payout ratio is presently 20.45%.

Analyst Ratings Changes

APO has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Keefe, Bruyette & Woods raised their target price on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. TD Cowen initiated coverage on shares of Apollo Global Management in a report on Thursday, January 4th. They set an “outperform” rating and a $115.00 target price for the company. Citigroup raised their target price on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Finally, JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $113.25.

Insider Buying and Selling

In related news, insider Leon D. Black sold 450,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the transaction, the insider now directly owns 42,604,773 shares in the company, valued at $4,716,774,418.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now directly owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 450,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the completion of the transaction, the insider now owns 42,604,773 shares in the company, valued at $4,716,774,418.83. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,426,000 shares of company stock worth $158,226,960. 8.70% of the stock is owned by insiders.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.