Apollo Global Management, Inc. (NYSE:APO) Stake Boosted by Capital Analysts LLC

Capital Analysts LLC raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 150.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 774 shares of the financial services provider’s stock after purchasing 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.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of 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 valued at $2,316,818,000 after buying an additional 17,476,830 shares during the last quarter. FMR LLC boosted its stake in Apollo Global Management by 18.9% in the third quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock valued at $892,973,000 after acquiring an additional 1,584,201 shares during the period. State Street Corp boosted its stake in Apollo Global Management by 2.0% in the first quarter. State Street Corp now owns 9,505,487 shares of the financial services provider’s stock valued at $600,360,000 after acquiring an additional 184,378 shares during the period. Clearbridge Investments LLC grew its holdings in shares of Apollo Global Management by 1.0% during 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 purchasing an additional 78,795 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Apollo Global Management by 11.9% during the 1st 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 purchasing an additional 827,935 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on APO shares. Wells Fargo & Company upped their price objective on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Barclays increased their price objective on shares of Apollo Global Management from $122.00 to $133.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Citigroup boosted their target price on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Finally, Morgan Stanley boosted their price objective on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.25.

Insider Activity

In related news, insider James C. Zelter sold 150,000 shares of the business’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 sale, the insider now directly owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 transaction of $1,333,200.00. Following the completion of the sale, the insider now directly owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the sale, the insider now directly owns 1,454,588 shares in the company, valued at $158,782,826.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,426,000 shares of company stock worth $158,226,960. Corporate insiders own 8.70% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $107.34 on Friday. The stock’s 50 day moving average price is $111.22 and its 200 day moving average price is $98.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market cap of $60.99 billion, a price-to-earnings ratio of 12.76, a PEG 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.

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

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management’s payout ratio is 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.