Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Capital Analysts LLC

Capital Analysts LLC raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 150.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 774 shares of the financial services provider’s stock after buying an additional 465 shares during the period. Capital Analysts LLC’s holdings in Apollo Global Management were worth $72,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of APO. Vanguard Group Inc. grew its stake in Apollo Global Management by 87.8% during the 1st quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock worth $2,316,818,000 after purchasing an additional 17,476,830 shares in the last quarter. FMR LLC grew its position in shares of Apollo Global Management by 18.9% during the third quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock worth $892,973,000 after buying an additional 1,584,201 shares in the last quarter. State Street Corp increased its stake in shares of Apollo Global Management by 2.0% during the first quarter. State Street Corp now owns 9,505,487 shares of the financial services provider’s stock worth $600,360,000 after buying an additional 184,378 shares during the period. Clearbridge Investments LLC raised its holdings in Apollo Global Management by 1.0% in the first quarter. Clearbridge Investments LLC now owns 7,859,123 shares of the financial services provider’s stock valued at $487,187,000 after acquiring an additional 78,795 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Apollo Global Management by 11.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,808,500 shares of the financial services provider’s stock worth $493,187,000 after acquiring an additional 827,935 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insiders Place Their Bets

In other news, insider Leon D. Black sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total transaction of $55,720,000.00. Following the completion of the sale, the insider now owns 44,104,773 shares in the company, valued at $4,915,035,903.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $111.44, for a total transaction of $55,720,000.00. Following the transaction, the insider now directly owns 44,104,773 shares in the company, valued at $4,915,035,903.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider James C. Zelter sold 150,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the transaction, the insider now directly owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on APO shares. JPMorgan Chase & Co. began coverage on shares of Apollo Global Management in a research report on Wednesday, February 28th. They issued an “overweight” rating and a $122.00 price objective on the stock. BMO Capital Markets lifted their price target on Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Finally, Wells Fargo & Company upped their price target on Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.25.

Apollo Global Management Stock Performance

Shares of APO opened at $107.34 on Friday. The company’s 50 day simple moving average is $111.22 and its 200-day simple moving average is $98.28. The firm has a market cap of $60.99 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.89 and a beta of 1.63. Apollo Global Management, Inc. has a 12-month low of $57.50 and a 12-month high of $117.15. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. As a group, equities analysts predict that Apollo Global Management, Inc. will post 7.49 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s dividend payout ratio is presently 20.45%.

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.