E. Ohman J or Asset Management AB Sells 900 Shares of Apollo Global Management, Inc. (NYSE:APO)

E. Ohman J or Asset Management AB decreased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,500 shares of the financial services provider’s stock after selling 900 shares during the period. E. Ohman J or Asset Management AB’s holdings in Apollo Global Management were worth $2,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of APO. Kingswood Wealth Advisors LLC increased its stake in shares of Apollo Global Management by 10.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,255 shares of the financial services provider’s stock valued at $366,000 after purchasing an additional 318 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Apollo Global Management by 46.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,220 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 2,620 shares during the last quarter. Vicus Capital bought a new stake in Apollo Global Management during the 1st quarter worth $360,000. Iron Horse Wealth Management LLC grew its position in Apollo Global Management by 40.5% during the 1st quarter. Iron Horse Wealth Management LLC now owns 2,354 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 678 shares during the last quarter. Finally, Compass Ion Advisors LLC bought a new stake in Apollo Global Management during the 1st quarter worth $557,000. Institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other news, Director Pauline Richards acquired 2,351 shares of Apollo Global Management stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $104.92 per share, with a total value of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of research reports. Morgan Stanley boosted their price objective on Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Redburn Partners assumed coverage on 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. Wells Fargo & Company upped their price target on Apollo Global Management from $148.00 to $149.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. UBS Group upped their price target on Apollo Global Management from $117.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Argus reduced their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $139.56.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $143.09 on Friday. The company has a market cap of $81.30 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. Apollo Global Management, Inc. has a 52 week low of $77.11 and a 52 week high of $146.82. The business has a 50 day moving average price of $124.54 and a 200-day moving average price of $117.94. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.03). The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company 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 disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend 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%.

Apollo Global Management Company 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.