Valley National Advisers Inc. Has $1.30 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Valley National Advisers Inc. lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,519 shares of the financial services provider’s stock after buying an additional 104 shares during the quarter. Valley National Advisers Inc.’s holdings in Apollo Global Management were worth $1,295,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Apollo Global Management by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock valued at $3,824,342,000 after buying an additional 750,781 shares in the last quarter. Capital International Investors increased its stake in Apollo Global Management by 2.1% in the fourth quarter. Capital International Investors now owns 10,775,413 shares of the financial services provider’s stock valued at $1,004,161,000 after acquiring an additional 218,566 shares during the last quarter. Norges Bank bought a new position in Apollo Global Management in the fourth quarter valued at approximately $586,016,000. Putnam Investments LLC increased its stake in Apollo Global Management by 2.8% in the fourth quarter. Putnam Investments LLC now owns 5,939,220 shares of the financial services provider’s stock valued at $553,476,000 after acquiring an additional 164,400 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in Apollo Global Management by 4,248.9% in the fourth quarter. TD Asset Management Inc now owns 2,459,235 shares of the financial services provider’s stock valued at $229,176,000 after acquiring an additional 2,402,686 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. StockNews.com raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Thursday, June 27th. Barclays decreased their target price on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average target price of $115.62.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the transaction, the chief financial officer now owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.50% of the stock is owned by insiders.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded down $0.24 on Wednesday, hitting $119.80. 1,812,199 shares of the company traded hands, compared to its average volume of 2,432,547. The firm’s 50-day simple moving average is $114.77 and its 200 day simple moving average is $108.53. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a market cap of $68.07 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.98 and a beta of 1.59. Apollo Global Management, Inc. has a 12-month low of $73.77 and a 12-month high of $120.80.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.21). The company had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $827.33 million. Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. Analysts expect that Apollo Global Management, Inc. will post 7.14 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a dividend of $0.463 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.55%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

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.