Zurcher Kantonalbank Zurich Cantonalbank Acquires 18,404 Shares of Apollo Global Management, Inc. (NYSE:APO)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 12.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 171,486 shares of the financial services provider’s stock after buying an additional 18,404 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Apollo Global Management were worth $15,981,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Perigon Wealth Management LLC lifted its stake in shares of Apollo Global Management by 4.1% in the fourth quarter. Perigon Wealth Management LLC now owns 2,727 shares of the financial services provider’s stock valued at $254,000 after buying an additional 107 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Apollo Global Management by 23.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 674 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 128 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Apollo Global Management by 1.3% during the second quarter. MML Investors Services LLC now owns 11,144 shares of the financial services provider’s stock valued at $856,000 after purchasing an additional 145 shares in the last quarter. Golden State Equity Partners lifted its position in shares of Apollo Global Management by 5.0% during the third quarter. Golden State Equity Partners now owns 3,308 shares of the financial services provider’s stock valued at $297,000 after purchasing an additional 157 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its position in shares of Apollo Global Management by 3.4% during the third quarter. Proficio Capital Partners LLC now owns 5,096 shares of the financial services provider’s stock valued at $457,000 after purchasing an additional 168 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Insider Activity

In other news, insider James C. Zelter sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the transaction, the insider now directly owns 1,454,588 shares in the company, valued at $158,782,826.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the sale, the insider now directly owns 1,454,588 shares in the company, valued at $158,782,826.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Leon D. Black sold 450,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the sale, the insider now owns 42,604,773 shares of the company’s stock, valued at $4,716,774,418.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,426,000 shares of company stock worth $158,226,960. 8.70% of the stock is owned by company insiders.

Analyst Ratings Changes

APO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Apollo Global Management in a research report on Wednesday, February 28th. They set an “overweight” rating and a $122.00 price target on the stock. Morgan Stanley raised their price target on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. TD Cowen started coverage on shares of Apollo Global Management in a research report on Thursday, January 4th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Citigroup raised their price objective on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $113.25.

Apollo Global Management Price Performance

APO opened at $107.34 on Friday. The company has a market capitalization of $60.99 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.89 and a beta of 1.63. 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 firm has a 50-day moving average price of $111.22 and a 200-day moving average price of $98.28. Apollo Global Management, Inc. has a twelve month low of $57.50 and a twelve month high of $117.15.

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

Apollo Global Management Announces Dividend

The company 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 of this dividend was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.60%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.45%.

Apollo Global Management Company 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.