BNP PARIBAS ASSET MANAGEMENT Holding S.A. Cuts Stake in Apollo Global Management, Inc. (NYSE:APO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 59.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,093 shares of the financial services provider’s stock after selling 20,616 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Apollo Global Management were worth $1,664,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Norges Bank acquired a new position in Apollo Global Management during the 4th quarter worth $586,016,000. Curated Wealth Partners LLC grew its position in shares of Apollo Global Management by 200.3% during the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after buying an additional 4,717,661 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Apollo Global Management by 4,248.9% during the fourth quarter. TD Asset Management Inc now owns 2,459,235 shares of the financial services provider’s stock worth $229,176,000 after buying an additional 2,402,686 shares during the period. Capital Research Global Investors raised its holdings in Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after acquiring an additional 1,360,525 shares in the last quarter. Finally, Third Point LLC acquired a new position in Apollo Global Management during the 4th quarter worth approximately $83,871,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other news, Director Pauline Richards purchased 2,351 shares of the stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the acquisition, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 8.50% of the stock is owned by insiders.

Apollo Global Management Stock Performance

NYSE:APO opened at $115.73 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $65.91 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 1.19 and a beta of 1.59. The firm has a 50-day moving average price of $115.24 and a two-hundred day moving average price of $113.49. Apollo Global Management, Inc. has a twelve month low of $77.11 and a twelve month high of $126.45.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The business had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. During the same period last year, the business earned $1.54 earnings per share. As a group, research analysts expect that Apollo Global Management, Inc. will post 6.68 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s payout ratio is 20.49%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Jefferies Financial Group cut their target price on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Evercore ISI boosted their price objective on shares of Apollo Global Management from $128.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Redburn Atlantic began coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.19.

About Apollo Global Management

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.