American Trust Has $240,000 Position in Apollo Global Management, Inc. (NYSE:APO)

American Trust reduced its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 46.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,135 shares of the financial services provider’s stock after selling 1,837 shares during the quarter. American Trust’s holdings in Apollo Global Management were worth $240,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. CWA Asset Management Group LLC raised its position in Apollo Global Management by 2.8% during the fourth quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 94 shares in the last quarter. Zhang Financial LLC raised its position in Apollo Global Management by 0.6% during the first quarter. Zhang Financial LLC now owns 17,724 shares of the financial services provider’s stock valued at $1,993,000 after acquiring an additional 97 shares in the last quarter. Orion Capital Management LLC raised its position in Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 100 shares in the last quarter. Lindbrook Capital LLC raised its position in Apollo Global Management by 8.5% during the first quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 102 shares in the last quarter. Finally, Valley National Advisers Inc. raised its position in Apollo Global Management by 0.9% during the first quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock valued at $1,295,000 after acquiring an additional 104 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of Apollo Global Management stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the sale, the chief financial officer now owns 359,445 shares in the company, valued at $40,002,634.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock traded down $12.44 during midday trading on Friday, hitting $103.53. The company had a trading volume of 8,835,168 shares, compared to its average volume of 2,292,940. Apollo Global Management, Inc. has a 1-year low of $77.11 and a 1-year high of $126.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. The business’s 50 day simple moving average is $118.33 and its two-hundred day simple moving average is $112.58. The stock has a market cap of $58.82 billion, a PE ratio of 11.47, a P/E/G ratio of 0.95 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a return on equity of 17.97% and a net margin of 21.90%. The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. During the same quarter in the prior year, the firm earned $1.54 EPS. As a group, equities analysts predict that Apollo Global Management, Inc. will post 7.09 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a yield of 1.79%. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on APO. StockNews.com raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Monday, July 29th. Jefferies Financial Group dropped their price target on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Apollo Global Management from $130.00 to $129.00 and set a “buy” rating on the stock in a research report on Friday. Finally, TD Cowen lifted their price target on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.