Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC lowered its holdings in Apollo Global Management, Inc. (NYSE:APO) by 14.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,554 shares of the financial services provider’s stock after selling 1,319 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Apollo Global Management were worth $850,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. DSM Capital Partners LLC acquired a new position in Apollo Global Management during the 4th quarter worth approximately $31,000. Blue Trust Inc. grew its holdings 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 worth $33,000 after acquiring an additional 221 shares in the last quarter. True Wealth Design LLC acquired a new position in Apollo Global Management during the 4th quarter worth approximately $33,000. Vestmark Advisory Solutions Inc. acquired a new position in Apollo Global Management during the 4th quarter worth approximately $36,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in Apollo Global Management during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on APO. UBS Group boosted their price objective on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Jefferies Financial Group reduced their price objective 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. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Finally, TD Cowen boosted their price objective on shares of Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average target price of $119.29.

Apollo Global Management Stock Performance

Apollo Global Management stock traded down $9.34 during trading hours on Thursday, reaching $115.97. 8,662,488 shares of the stock were exchanged, compared to its average volume of 2,413,112. 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 $126.45. The stock has a market cap of $65.89 billion, a P/E ratio of 13.45, a P/E/G ratio of 1.01 and a beta of 1.59. The firm’s 50 day moving average is $118.51 and its 200 day moving average is $112.38.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share 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 for the quarter, compared to analyst estimates of $827.33 million. Analysts predict that Apollo Global Management, Inc. will post 7.09 EPS for the current fiscal year.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

About Apollo Global Management

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.