Janus Henderson Group PLC Decreases Position in Apollo Global Management, Inc. (NYSE:APO)

Janus Henderson Group PLC trimmed its stake in Apollo Global Management, Inc. (NYSE:APO) by 0.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,772,486 shares of the financial services provider’s stock after selling 10,181 shares during the quarter. Janus Henderson Group PLC owned approximately 0.31% of Apollo Global Management worth $199,314,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. CWA Asset Management Group LLC increased its stake in Apollo Global Management by 2.8% in 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 purchasing an additional 94 shares during the last quarter. Zhang Financial LLC boosted its position in shares of Apollo Global Management by 0.6% in the first quarter. Zhang Financial LLC now owns 17,724 shares of the financial services provider’s stock worth $1,993,000 after buying an additional 97 shares during the period. Orion Capital Management LLC boosted its holdings in 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 valued at $67,000 after purchasing an additional 100 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in Apollo Global Management by 8.5% in the first quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 102 shares during the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in Apollo Global Management by 0.9% in 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 last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 0.5 %

Shares of NYSE:APO traded up $0.58 during midday trading on Tuesday, hitting $122.64. 2,200,940 shares of the stock were exchanged, compared to its average volume of 2,361,394. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. Apollo Global Management, Inc. has a 52-week low of $77.11 and a 52-week high of $125.31. The business’s fifty day simple moving average is $118.12 and its two-hundred day simple moving average is $112.10. The company has a market capitalization of $69.68 billion, a PE ratio of 13.52, a P/E/G ratio of 1.00 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.21). Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. The firm had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $827.33 million. As a group, research analysts predict 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 announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a dividend of $0.463 per share. 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 yield of 1.51%. The ex-dividend date was Thursday, May 16th. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Analyst Ratings Changes

A number of research analysts have commented on APO shares. Keefe, Bruyette & Woods increased their target price on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. StockNews.com upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group decreased their price target on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. TD Cowen increased their price target on Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Finally, Evercore ISI raised their price objective on Apollo Global Management from $128.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $119.29.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 30,000 shares of Apollo Global Management stock in a transaction dated Wednesday, May 8th. The stock was 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 in the company, valued at $40,002,634.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.50% of the company’s stock.

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.