TriaGen Wealth Management LLC Sells 777 Shares of Apollo Global Management, Inc. (NYSE:APO)

TriaGen Wealth Management LLC lowered its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 9.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,122 shares of the financial services provider’s stock after selling 777 shares during the period. TriaGen Wealth Management LLC’s holdings in Apollo Global Management were worth $890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APO. Fisher Asset Management LLC bought a new stake in Apollo Global Management during the 4th quarter worth $266,000. SageView Advisory Group LLC raised its stake in Apollo Global Management by 9.7% during the 4th quarter. SageView Advisory Group LLC now owns 2,751 shares of the financial services provider’s stock worth $279,000 after buying an additional 244 shares during the period. PNC Financial Services Group Inc. increased its holdings in Apollo Global Management by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 27,775 shares of the financial services provider’s stock worth $2,588,000 after purchasing an additional 117 shares in the last quarter. HighPoint Advisor Group LLC bought a new stake in Apollo Global Management during the 4th quarter worth approximately $320,000. Finally, Banque Cantonale Vaudoise increased its holdings in Apollo Global Management by 287.0% during the 1st quarter. Banque Cantonale Vaudoise now owns 12,650 shares of the financial services provider’s stock worth $1,422,000 after purchasing an additional 9,381 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on APO. UBS Group boosted their price objective on Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Evercore ISI upped their target price on Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Argus reduced their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Finally, TD Cowen upped their target price on Apollo Global Management from $135.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.06.

Apollo Global Management Stock Performance

Shares of NYSE:APO traded down $0.18 during trading on Friday, hitting $145.01. 2,119,715 shares of the company were exchanged, compared to its average volume of 2,601,531. The company has a market cap of $82.39 billion, a PE ratio of 16.06, a P/E/G ratio of 1.39 and a beta of 1.62. The stock has a 50 day moving average of $120.81 and a 200 day moving average of $116.85. Apollo Global Management, Inc. has a 52-week low of $77.11 and a 52-week high of $146.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

Apollo Global Management (NYSE:APO) last posted 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 company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter in the prior year, the company earned $1.54 EPS. As a group, equities research analysts predict that Apollo Global Management, Inc. will post 6.66 EPS for the current year.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.28%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insider Buying and Selling

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

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.