Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Reitz Capital Advisors LLC

Reitz Capital Advisors LLC trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,340 shares of the financial services provider’s stock after selling 210 shares during the quarter. Apollo Global Management makes up approximately 0.4% of Reitz Capital Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Reitz Capital Advisors LLC’s holdings in Apollo Global Management were worth $218,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in APO. Parkside Financial Bank & Trust raised its stake in shares of Apollo Global Management by 7,183.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after buying an additional 431 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of Apollo Global Management during the first quarter worth approximately $30,000. Zions Bancorporation N.A. purchased a new stake in shares of Apollo Global Management during the first quarter worth approximately $30,000. Sugarloaf Wealth Management LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter worth approximately $31,000. Finally, CVA Family Office LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter worth approximately $34,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 0.4 %

APO traded up $0.46 during mid-day trading on Tuesday, hitting $113.88. 1,471,460 shares of the stock were exchanged, compared to its average volume of 2,485,249. The firm’s fifty day moving average is $107.52 and its two-hundred day moving average is $95.91. Apollo Global Management, Inc. has a 1-year low of $57.31 and a 1-year high of $116.55. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. The company has a market cap of $64.70 billion, a PE ratio of 13.54, a PEG ratio of 0.95 and a beta of 1.64.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. Equities analysts forecast that Apollo Global Management, Inc. will post 7.48 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s dividend payout ratio is currently 20.45%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following the sale, the insider now owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Apollo Global Management news, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following the sale, the insider now owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 450,000 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total value of $49,819,500.00. Following the sale, the insider now directly owns 42,604,773 shares in the company, valued at approximately $4,716,774,418.83. The disclosure for this sale can be found here. Insiders have sold 1,426,000 shares of company stock valued at $158,226,960 in the last quarter. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup boosted their price target on Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Wells Fargo & Company upped their target price on Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, February 9th. JPMorgan Chase & Co. began coverage on Apollo Global Management in a report on Wednesday, February 28th. They issued an “overweight” rating and a $122.00 target price for the company. TD Cowen began coverage on Apollo Global Management in a report on Thursday, January 4th. They issued an “outperform” rating and a $115.00 target price for the company. Finally, Barclays upped their target price on Apollo Global Management from $118.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.92.

Apollo Global Management Profile

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.