Great Valley Advisor Group Inc. Cuts Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Great Valley Advisor Group Inc. reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 14.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,250 shares of the financial services provider’s stock after selling 371 shares during the period. Great Valley Advisor Group Inc.’s holdings in Apollo Global Management were worth $210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Strategic Blueprint LLC boosted its holdings in shares of Apollo Global Management by 42.4% during the 4th quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider’s stock valued at $4,341,000 after acquiring an additional 13,870 shares during the last quarter. Nordea Investment Management AB raised its stake in Apollo Global Management by 129.8% during the 4th quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock valued at $61,497,000 after buying an additional 371,721 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Apollo Global Management by 39.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 185,206 shares of the financial services provider’s stock valued at $17,259,000 after buying an additional 52,063 shares during the period. Raymond James & Associates boosted its stake in shares of Apollo Global Management by 3.5% in the 4th quarter. Raymond James & Associates now owns 1,073,419 shares of the financial services provider’s stock worth $100,032,000 after buying an additional 36,748 shares during the last quarter. Finally, Pathstone Family Office LLC grew its holdings in shares of Apollo Global Management by 28.6% in the third quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 6,000 shares during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Up 1.8 %

Shares of APO opened at $111.48 on Tuesday. Apollo Global Management, Inc. has a 1 year low of $59.89 and a 1 year high of $117.15. The company has a 50 day simple moving average of $111.12 and a two-hundred day simple moving average of $100.34. 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 market cap of $63.34 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 16.27% and a return on equity of 20.77%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. On average, equities analysts expect that Apollo Global Management, Inc. will post 7.43 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, May 16th. Apollo Global Management’s payout ratio is currently 19.05%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APO. Wells Fargo & Company raised their target price on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. boosted their target price on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Morgan Stanley increased their price target on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Citigroup boosted their price objective on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, Keefe, Bruyette & Woods lifted their target price on Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $114.31.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 450,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the sale, the insider now directly owns 42,604,773 shares of the company’s stock, valued at approximately $4,716,774,418.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Leon D. Black sold 450,000 shares of the company’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 sale, the insider now directly owns 42,604,773 shares in the company, valued at approximately $4,716,774,418.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 14,000 shares of Apollo Global Management stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the transaction, the chief financial officer now owns 366,572 shares of the company’s stock, valued at approximately $39,989,339.48. The disclosure for this sale can be found here. Insiders sold 1,426,000 shares of company stock worth $158,226,960 in the last quarter. 8.70% of the stock is owned by corporate insiders.

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.