Janus Henderson Group PLC Reduces Holdings 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 1st quarter, HoldingsChannel reports. The firm owned 1,772,486 shares of the financial services provider’s stock after selling 10,181 shares during the quarter. Janus Henderson Group PLC’s holdings in Apollo Global Management were worth $199,314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of APO. DSM Capital Partners LLC purchased a new stake in shares of Apollo Global Management in the 4th quarter worth about $31,000. Blue Trust Inc. lifted its position in Apollo Global Management by 151.4% during the 4th 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 purchased a new position in Apollo Global Management during the 4th quarter valued at about $33,000. Vestmark Advisory Solutions Inc. purchased a new position in Apollo Global Management during the 4th quarter valued at about $36,000. Finally, Carolinas Wealth Consulting LLC purchased a new position in Apollo Global Management during the 4th quarter valued at about $38,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

Shares of APO stock traded up $0.58 during trading hours on Tuesday, reaching $122.64. The company had a trading volume of 2,200,940 shares, compared to its average volume of 2,361,394. The business has a fifty day moving average price of $118.12 and a 200-day moving average price of $112.10. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $125.31. The firm has a market cap of $69.68 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. 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 (NYSE:APO) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $839.00 million during the quarter, compared to the consensus estimate of $827.33 million. Sell-side 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 declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.463 dividend. The ex-dividend date 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 dividend on an annualized basis and a dividend yield of 1.51%. Apollo Global Management’s payout ratio is currently 20.49%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APO. TD Cowen lifted their price target on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Keefe, Bruyette & Woods lifted their price target 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. Jefferies Financial Group lowered their price target on shares of 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. Evercore ISI lifted their price target on shares of Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, UBS Group lifted their price target on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $119.29.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 30,000 shares of Apollo Global Management stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 359,445 shares in the company, valued at $40,002,634.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.