First National Bank Sioux Falls Cuts Position in Apollo Global Management, Inc. (NYSE:APO)

First National Bank Sioux Falls decreased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 11.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,253 shares of the financial services provider’s stock after selling 3,717 shares during the quarter. Apollo Global Management accounts for approximately 1.3% of First National Bank Sioux Falls’ investment portfolio, making the stock its 19th largest holding. First National Bank Sioux Falls’ holdings in Apollo Global Management were worth $2,633,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC acquired a new position in Apollo Global Management in the fourth quarter worth $31,000. CVA Family Office LLC acquired a new position in Apollo Global Management in the fourth quarter worth $34,000. Blue Trust Inc. boosted its holdings in Apollo Global Management by 151.4% in the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 221 shares during the period. Hanseatic Management Services Inc. acquired a new position in Apollo Global Management in the third quarter worth $39,000. Finally, GAMMA Investing LLC acquired a new position in shares of Apollo Global Management during the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Barclays upped their price target on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a report on Monday, April 8th. BMO Capital Markets upped their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, Wells Fargo & Company upped their price objective on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $113.25.

Insider Activity

In other news, insider Leon D. Black sold 500,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total value of $55,720,000.00. Following the completion of the sale, the insider now directly owns 44,104,773 shares of the company’s stock, valued at $4,915,035,903.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total value of $55,720,000.00. Following the completion of the transaction, the insider now directly owns 44,104,773 shares of the company’s stock, valued at $4,915,035,903.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Whitney Chatterjee sold 12,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following the completion of the transaction, the insider now directly owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

APO stock traded up $3.17 during midday trading on Tuesday, hitting $113.77. 1,874,269 shares of the company traded hands, compared to its average volume of 2,357,260. Apollo Global Management, Inc. has a twelve month low of $57.50 and a twelve month high of $117.15. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. The business has a 50 day simple moving average of $111.28 and a 200-day simple moving average of $98.88. The stock has a market capitalization of $64.64 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. As a group, equities research analysts predict that Apollo Global Management, Inc. will post 7.44 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were given a $0.43 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.51%. Apollo Global Management’s dividend payout ratio is 20.45%.

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.