Border to Coast Pensions Partnership Ltd Sells 5,000 Shares of Apollo Global Management Inc. $APO

Border to Coast Pensions Partnership Ltd lessened its position in Apollo Global Management Inc. (NYSE:APOFree Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,000 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Apollo Global Management were worth $26,104,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of APO. Schnieders Capital Management LLC. bought a new position in Apollo Global Management in the 2nd quarter worth $7,954,000. Baird Financial Group Inc. raised its holdings in Apollo Global Management by 117.5% in the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after acquiring an additional 8,709 shares during the period. Gamco Investors INC. ET AL raised its holdings in Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 305 shares during the period. Nebula Research & Development LLC bought a new position in Apollo Global Management in the 2nd quarter worth $722,000. Finally, Northern Right Capital Management L.P. raised its holdings in Apollo Global Management by 1.5% in the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock worth $24,542,000 after acquiring an additional 2,500 shares during the period. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on APO shares. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. Barclays dropped their price objective on shares of Apollo Global Management from $131.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Morgan Stanley boosted their price objective on shares of Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. The Goldman Sachs Group dropped their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and an average target price of $150.75.

Get Our Latest Report on APO

Trending Headlines about Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

Apollo Global Management Stock Performance

NYSE:APO opened at $120.44 on Thursday. The firm’s 50-day moving average is $113.34 and its 200-day moving average is $127.43. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $69.64 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 1.02 and a beta of 1.56.

Apollo Global Management (NYSE:APOGet Free Report) last posted its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The company had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm posted $2.39 EPS. The business’s revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s payout ratio is presently 36.96%.

Apollo Global Management Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.