Aberdeen Group plc Cuts Stock Holdings in Apollo Global Management Inc. $APO

Aberdeen Group plc cut its stake in Apollo Global Management Inc. (NYSE:APO) by 17.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 351,629 shares of the financial services provider’s stock after selling 74,305 shares during the period. Aberdeen Group plc owned about 0.06% of Apollo Global Management worth $46,670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APO. Plato Investment Management Ltd lifted its holdings in shares of Apollo Global Management by 100.3% during the third quarter. Plato Investment Management Ltd now owns 10,888 shares of the financial services provider’s stock worth $1,440,000 after purchasing an additional 5,452 shares during the period. Diversified Trust Co raised its position in Apollo Global Management by 2,649.9% during the 3rd quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider’s stock worth $5,629,000 after buying an additional 40,702 shares during the last quarter. Hsbc Holdings PLC raised its position in Apollo Global Management by 39.2% during the 2nd quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock worth $119,482,000 after buying an additional 237,180 shares during the last quarter. Stock Yards Bank & Trust Co. lifted its stake in shares of Apollo Global Management by 2,395.2% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 124,708 shares of the financial services provider’s stock worth $16,620,000 after acquiring an additional 119,710 shares during the period. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Apollo Global Management by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 178,868 shares of the financial services provider’s stock valued at $23,838,000 after acquiring an additional 6,727 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $124.99 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $140.75 and its 200 day moving average price is $135.62. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $164.22. The stock has a market cap of $72.55 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 1.08 and a beta of 1.57.

Apollo Global Management (NYSE:APO) 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. The business had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The business’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.39 earnings per share. As a group, research analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, February 19th. Apollo Global Management’s payout ratio is presently 36.96%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.50% of the company’s stock.

Wall Street Analysts Forecast Growth

APO has been the subject of several analyst reports. UBS Group cut their price target on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Piper Sandler reissued an “overweight” rating and set a $165.00 target price on shares of Apollo Global Management in a research note on Tuesday, February 10th. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Finally, Barclays cut their price objective on Apollo Global Management from $168.00 to $158.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.79.

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.