Apollo Global Management Inc. $APO Shares Sold by Amitell Capital Pte Ltd

Amitell Capital Pte Ltd cut its position in Apollo Global Management Inc. (NYSE:APO) by 20.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,629 shares of the financial services provider’s stock after selling 7,954 shares during the quarter. Apollo Global Management makes up 2.5% of Amitell Capital Pte Ltd’s investment portfolio, making the stock its 14th biggest holding. Amitell Capital Pte Ltd’s holdings in Apollo Global Management were worth $4,082,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Fortress Financial Solutions LLC boosted its holdings in Apollo Global Management by 1.6% during the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after buying an additional 74 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of Apollo Global Management by 44.0% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock valued at $36,000 after buying an additional 77 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Apollo Global Management by 1.4% during the third quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 78 shares during the last quarter. Cynosure Group LLC boosted its position in shares of Apollo Global Management by 2.6% in the third quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 85 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings in shares of Apollo Global Management by 8.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock worth $156,000 after buying an additional 92 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price target on shares of Apollo Global Management in a research report on Monday, February 9th. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, February 10th. Royal Bank Of Canada initiated coverage on shares of Apollo Global Management in a research note on Monday. They issued a “sector perform” rating and a $142.00 price target on the stock. Finally, Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $161.27.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the transaction, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Trading Up 2.8%

NYSE:APO opened at $117.27 on Thursday. The firm has a market cap of $68.07 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 0.91 and a beta of 1.57. The company’s 50 day moving average is $136.79 and its 200-day moving average is $134.52. The company has a quick ratio of 1.49, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $157.28.

Apollo Global Management (NYSE:APO) last released its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.During the same quarter in the prior year, the firm earned $2.39 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 19th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, February 19th. Apollo Global Management’s dividend payout ratio is 36.96%.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.