Canada Pension Plan Investment Board Has $25.79 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

Canada Pension Plan Investment Board lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 116.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,359 shares of the financial services provider’s stock after buying an additional 123,559 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Apollo Global Management were worth $25,791,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of APO. Los Angeles Capital Management LLC grew its holdings in Apollo Global Management by 112.3% during the first quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock valued at $117,558,000 after purchasing an additional 552,893 shares during the period. Strategic Blueprint LLC lifted its stake in Apollo Global Management by 42.4% in the fourth quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider’s stock valued at $4,341,000 after buying an additional 13,870 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Apollo Global Management by 287.5% in the fourth quarter. Principal Financial Group Inc. now owns 307,786 shares of the financial services provider’s stock valued at $28,683,000 after buying an additional 228,367 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Apollo Global Management by 5.6% in the fourth quarter. Wells Fargo & Company MN now owns 950,731 shares of the financial services provider’s stock valued at $88,599,000 after buying an additional 50,008 shares in the last quarter. Finally, CenterBook Partners LP lifted its stake in Apollo Global Management by 59.9% in the fourth quarter. CenterBook Partners LP now owns 20,739 shares of the financial services provider’s stock valued at $1,933,000 after buying an additional 7,769 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE APO traded up $0.50 on Friday, hitting $122.16. 2,097,681 shares of the stock were exchanged, compared to its average volume of 2,488,286. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. The business’s fifty day moving average is $117.94 and its 200 day moving average is $111.69. Apollo Global Management, Inc. has a 52 week low of $77.11 and a 52 week high of $125.31. The company has a market capitalization of $69.41 billion, a PE ratio of 13.53, a P/E/G ratio of 1.00 and a beta of 1.59.

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 (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $839.00 million for the quarter, compared to the consensus estimate of $827.33 million. Research analysts anticipate that Apollo Global Management, Inc. will post 7.11 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Thursday, May 16th. Apollo Global Management’s payout ratio is currently 20.49%.

Insider Buying and Selling at Apollo Global Management

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on APO. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Sunday, July 21st. Jefferies Financial Group cut their price objective on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Finally, Barclays cut their price objective on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.29.

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.