Simplicity Solutions LLC Sells 6,176 Shares of Apollo Global Management, Inc. (NYSE:APO)

Simplicity Solutions LLC lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,208 shares of the financial services provider’s stock after selling 6,176 shares during the quarter. Simplicity Solutions LLC’s holdings in Apollo Global Management were worth $1,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Sugarloaf Wealth Management LLC bought a new stake in Apollo Global Management in the 4th quarter worth approximately $31,000. CVA Family Office LLC bought a new position in shares of Apollo Global Management in the 4th quarter worth $34,000. Blue Trust Inc. increased its holdings in shares of Apollo Global Management by 151.4% in the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 221 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Apollo Global Management by 7,183.3% in the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after buying an additional 431 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new position in Apollo Global Management during the third quarter worth approximately $39,000. Institutional investors own 77.06% of the company’s stock.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the transaction, the chief financial officer now owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the sale, the chief financial officer now owns 366,572 shares in the company, valued at $39,989,339.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 450,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 42,604,773 shares in the company, valued at approximately $4,716,774,418.83. The disclosure for this sale can be found here. Insiders have sold 1,426,000 shares of company stock valued at $158,226,960 over the last quarter. Insiders own 8.70% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $110.13 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a 50-day moving average of $111.03 and a two-hundred day moving average of $97.91. The stock has a market cap of $62.57 billion, a P/E ratio of 13.10, a PEG ratio of 0.91 and a beta of 1.63. Apollo Global Management, Inc. has a 1-year low of $57.50 and a 1-year high of $117.15.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The business had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $823.27 million. On average, research analysts expect that Apollo Global Management, Inc. will post 7.5 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders 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 annualized dividend and a dividend yield of 1.56%. Apollo Global Management’s payout ratio is 20.45%.

Analysts Set New Price Targets

APO has been the topic of a number of recent analyst reports. Barclays increased their price target on Apollo Global Management from $122.00 to $133.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. TD Cowen started coverage on Apollo Global Management in a research report on Thursday, January 4th. They issued an “outperform” rating and a $115.00 target price on the stock. Morgan Stanley raised their target price on Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Wells Fargo & Company increased their price target on Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Finally, JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.25.

Apollo Global Management Company 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.