Apollo Global Management, Inc. (NYSE:APO) Holdings Lowered by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co reduced its stake in Apollo Global Management, Inc. (NYSE:APO) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,883 shares of the financial services provider’s stock after selling 1,418 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Apollo Global Management were worth $4,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Apollo Global Management by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock worth $3,824,342,000 after purchasing an additional 750,781 shares during the period. Capital International Investors lifted its holdings in shares of Apollo Global Management by 2.1% in the fourth quarter. Capital International Investors now owns 10,775,413 shares of the financial services provider’s stock valued at $1,004,161,000 after buying an additional 218,566 shares during the period. Putnam Investments LLC lifted its holdings in shares of Apollo Global Management by 2.8% in the fourth quarter. Putnam Investments LLC now owns 5,939,220 shares of the financial services provider’s stock valued at $553,476,000 after buying an additional 164,400 shares during the period. Capital Research Global Investors boosted its stake in Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after buying an additional 1,360,525 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in Apollo Global Management by 3.8% during the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock worth $318,522,000 after acquiring an additional 97,797 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on APO shares. Redburn Partners started coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target for the company. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Argus dropped their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Wells Fargo & Company started coverage on Apollo Global Management in a research note on Thursday, September 12th. They set an “overweight” rating and a $132.00 price objective for the company. Finally, UBS Group boosted their target price on Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.06.

Apollo Global Management Price Performance

Shares of APO opened at $117.57 on Thursday. 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 company has a market capitalization of $66.80 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 1.13 and a beta of 1.61. The business’s 50-day moving average is $113.58 and its 200-day moving average is $113.49. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $126.45.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same quarter in the prior year, the company posted $1.54 EPS. Equities research analysts expect that Apollo Global Management, Inc. will post 6.62 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.57%. Apollo Global Management’s dividend payout ratio is 20.49%.

Insider Activity at Apollo Global Management

In other news, Director Pauline Richards bought 2,351 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.50% of the company’s stock.

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.