Apollo Global Management, Inc. (NYSE:APO) Stake Lessened by Strategic Blueprint LLC

Strategic Blueprint LLC trimmed its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 29.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,123 shares of the financial services provider’s stock after selling 13,999 shares during the quarter. Strategic Blueprint LLC’s holdings in Apollo Global Management were worth $4,137,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Chicago Capital LLC lifted its stake in 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 worth $709,000 after purchasing an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its position in shares of Apollo Global Management by 3.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after buying an additional 77 shares during the last quarter. Allworth Financial LP lifted its position in shares of Apollo Global Management by 14.3% in the 3rd quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after buying an additional 91 shares during the last quarter. FineMark National Bank & Trust boosted its holdings in shares of Apollo Global Management by 2.4% in the 2nd quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock valued at $486,000 after buying an additional 98 shares during the period. Finally, Orion Capital Management LLC grew its position in shares of Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after buying an additional 100 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 0.3 %

NYSE:APO traded up $0.48 during trading hours on Tuesday, hitting $145.32. 381,204 shares of the stock traded hands, compared to its average volume of 2,578,797. The firm has a 50 day moving average price of $125.20 and a 200 day moving average price of $118.23. The firm has a market cap of $82.57 billion, a price-to-earnings ratio of 16.05, a PEG 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. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data 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). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The business had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $873.18 million. During the same period in the prior year, the company posted $1.54 earnings per share. Equities research analysts anticipate that Apollo Global Management, Inc. will post 6.66 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s payout ratio is presently 20.49%.

Insider Buying and Selling at Apollo Global Management

In other news, Director Pauline Richards acquired 2,351 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $104.92 per share, for a total transaction 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. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of a number of recent research reports. Morgan Stanley raised their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Argus reduced their price objective on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Wells Fargo & Company raised their target price 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. The Goldman Sachs Group upped their price objective on shares of Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Finally, Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their target price for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.56.

Apollo Global Management 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.