U S Global Investors Inc. Decreases Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

U S Global Investors Inc. lowered its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 52.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,100 shares of the financial services provider’s stock after selling 7,900 shares during the quarter. U S Global Investors Inc.’s holdings in Apollo Global Management were worth $887,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Chicago Capital LLC increased its position in shares of Apollo Global Management by 1.2% during the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after buying an additional 69 shares during the period. Cyndeo Wealth Partners LLC increased its position in shares of Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after buying an additional 77 shares during the period. FineMark National Bank & Trust grew its holdings in Apollo Global Management by 2.4% in the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 98 shares during the period. Orion Capital Management LLC lifted its stake in shares of Apollo Global Management by 20.0% in the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after buying an additional 100 shares in the last quarter. Finally, Valley National Advisers Inc. lifted 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 purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards purchased 2,351 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the acquisition, the director now directly owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Performance

NYSE:APO traded down $0.91 during midday trading on Tuesday, hitting $143.85. The company’s stock had a trading volume of 136,057 shares, compared to its average volume of 2,587,198. 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 firm’s 50 day moving average is $120.81 and its 200-day moving average is $116.92. The firm has a market cap of $81.73 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.39 and a beta of 1.62. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $146.82.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. During the same period in the prior year, the firm earned $1.54 earnings per share. Equities analysts anticipate that Apollo Global Management, Inc. will post 6.66 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The company also recently announced 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. This represents a $1.85 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on APO shares. Wolfe Research started coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective on the stock. Keefe, Bruyette & Woods increased their price objective 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. Evercore ISI increased their price objective on shares of Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company increased their price target on shares of Apollo Global Management from $148.00 to $149.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Redburn Partners assumed coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.06.

About Apollo Global Management

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.