Evergreen Capital Management LLC Has $422,000 Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Evergreen Capital Management LLC reduced its stake in Apollo Global Management, Inc. (NYSE:APO) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,570 shares of the financial services provider’s stock after selling 113 shares during the quarter. Evergreen Capital Management LLC’s holdings in Apollo Global Management were worth $422,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. 1832 Asset Management L.P. lifted its holdings in Apollo Global Management by 2.9% in the second quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider’s stock valued at $152,845,000 after buying an additional 37,070 shares during the period. Frank Rimerman Advisors LLC acquired a new position in shares of Apollo Global Management in the 2nd quarter valued at about $256,000. Lodge Hill Capital LLC boosted its position in shares of Apollo Global Management by 95.2% during the 2nd quarter. Lodge Hill Capital LLC now owns 194,768 shares of the financial services provider’s stock valued at $22,996,000 after purchasing an additional 95,000 shares in the last quarter. AE Wealth Management LLC acquired a new stake in Apollo Global Management during the second quarter worth approximately $416,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Apollo Global Management by 1.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 13,046 shares of the financial services provider’s stock worth $1,540,000 after purchasing an additional 191 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of Apollo Global Management stock in a transaction that occurred on 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 transaction, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Up 0.7 %

Shares of Apollo Global Management stock opened at $125.44 on Friday. The firm has a market cap of $71.27 billion, a PE ratio of 13.89, a P/E/G ratio of 1.30 and a beta of 1.61. Apollo Global Management, Inc. has a 1 year low of $77.11 and a 1 year high of $126.93. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a fifty day moving average price of $113.88 and a 200-day moving average price of $114.10.

Apollo Global Management (NYSE:APO) last released its earnings results 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 net margin of 21.90% and a return on equity of 16.98%. The company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $873.18 million. During the same quarter in the previous year, the firm earned $1.54 earnings per share. Equities research analysts anticipate that Apollo Global Management, Inc. will post 6.62 EPS for the current year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.4625 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.47%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Argus reduced their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. Keefe, Bruyette & Woods upped their price objective on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Redburn Partners began coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $129.65.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.