Atria Wealth Solutions Inc. Sells 954 Shares of Apollo Global Management Inc. (NYSE:APO)

Atria Wealth Solutions Inc. decreased its position in Apollo Global Management Inc. (NYSE:APO) by 13.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,322 shares of the financial services provider’s stock after selling 954 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Apollo Global Management were worth $866,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new position in Apollo Global Management during the fourth quarter valued at about $25,000. GW&K Investment Management LLC lifted its holdings in Apollo Global Management by 84.5% during the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares during the last quarter. ORG Partners LLC lifted its holdings in Apollo Global Management by 285.0% during the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 171 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in Apollo Global Management during the first quarter valued at about $39,000. Finally, Meeder Asset Management Inc. lifted its holdings in Apollo Global Management by 118.6% during the first quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 172 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on APO shares. Wells Fargo & Company upped their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Citigroup lifted their price target on Apollo Global Management from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Evercore ISI lifted their price target on Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. UBS Group reduced their price target on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Finally, Barclays lifted their price target on Apollo Global Management from $156.00 to $168.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $161.26.

Apollo Global Management Price Performance

APO opened at $142.20 on Tuesday. The stock has a 50-day moving average price of $142.05 and a 200-day moving average price of $141.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $81.27 billion, a PE ratio of 26.58, a P/E/G ratio of 1.48 and a beta of 1.62. Apollo Global Management Inc. has a 1 year low of $102.42 and a 1 year high of $189.49.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%. The firm had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned $1.64 EPS. Sell-side analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. Apollo Global Management’s dividend payout ratio is presently 38.13%.

Insider Activity at Apollo Global Management

In other news, insider Whitney Chatterjee sold 4,500 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the sale, the insider owned 83,192 shares of the company’s stock, valued at $12,148,527.76. This represents a 5.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is owned by insiders.

Apollo Global Management 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.