Lazard Asset Management LLC Has $8.33 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Lazard Asset Management LLC trimmed its position in Apollo Global Management, Inc. (NYSE:APO) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,105 shares of the financial services provider’s stock after selling 4,851 shares during the quarter. Lazard Asset Management LLC’s holdings in Apollo Global Management were worth $8,332,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DSM Capital Partners LLC bought a new position in Apollo Global Management during the fourth quarter worth about $31,000. Blue Trust Inc. grew its position in Apollo Global Management by 151.4% in the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 221 shares during the period. True Wealth Design LLC acquired a new position in Apollo Global Management during the fourth quarter worth $33,000. Vestmark Advisory Solutions Inc. bought a new position in shares of Apollo Global Management during the fourth quarter valued at $36,000. Finally, Carolinas Wealth Consulting LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth approximately $38,000. 77.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

APO has been the topic of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. TD Cowen upped their target price on shares of Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Barclays reduced their price objective on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Jefferies Financial Group dropped their target price on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Finally, Evercore ISI lifted their price objective on Apollo Global Management from $128.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $119.29.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the transaction, the chief financial officer now directly owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Trading Down 0.1 %

Apollo Global Management stock opened at $122.01 on Monday. The company has a market cap of $69.32 billion, a price-to-earnings ratio of 13.53, a P/E/G ratio of 1.00 and a beta of 1.59. The firm has a 50-day moving average of $117.94 and a 200-day moving average of $111.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $125.31.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). The firm had revenue of $839.00 million for the quarter, compared to analyst estimates of $827.33 million. Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. On average, equities analysts expect that Apollo Global Management, Inc. will post 7.09 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a $0.463 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a dividend yield of 1.52%. Apollo Global Management’s dividend payout ratio is presently 20.49%.

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.