Natixis Advisors L.P. Reduces Stake in Apollo Global Management, Inc. (NYSE:APO)

Natixis Advisors L.P. cut its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,733 shares of the financial services provider’s stock after selling 9,743 shares during the period. Natixis Advisors L.P.’s holdings in Apollo Global Management were worth $7,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of APO. Perigon Wealth Management LLC increased its stake in shares of Apollo Global Management by 4.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,727 shares of the financial services provider’s stock valued at $254,000 after buying an additional 107 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Apollo Global Management by 23.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 674 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 128 shares during the period. CWM LLC lifted its holdings in Apollo Global Management by 3.0% during the fourth quarter. CWM LLC now owns 5,727 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 169 shares in the last quarter. Fulton Bank N.A. lifted its stake in Apollo Global Management by 3.9% in the 4th quarter. Fulton Bank N.A. now owns 4,583 shares of the financial services provider’s stock valued at $427,000 after buying an additional 170 shares in the last quarter. Finally, Park Place Capital Corp boosted its stake in shares of Apollo Global Management by 2.1% in the fourth quarter. Park Place Capital Corp now owns 8,611 shares of the financial services provider’s stock worth $802,000 after acquiring an additional 173 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the transaction, the insider now owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 sale, the chief financial officer now directly owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,000 shares of company stock valued at $158,226,960 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Apollo Global Management Stock Down 1.0 %

Apollo Global Management stock opened at $112.19 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $63.74 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61. Apollo Global Management, Inc. has a fifty-two week low of $61.98 and a fifty-two week high of $117.15. The firm has a 50 day moving average price of $111.21 and a 200 day moving average price of $100.72.

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

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.463 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.65%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s payout ratio is 20.49%.

Analyst Upgrades and Downgrades

APO has been the subject of several research reports. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Wells Fargo & Company lifted their price objective 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. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Morgan Stanley lifted their price target on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a report on Thursday. Five research analysts have rated the stock with a hold rating and ten 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 an average target price of $115.62.

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.