Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its position in Apollo Global Management, Inc. (NYSE:APO) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,174 shares of the financial services provider’s stock after purchasing an additional 443 shares during the period. Signaturefd LLC’s holdings in Apollo Global Management were worth $762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Strategic Blueprint LLC lifted its position in shares of Apollo Global Management by 42.4% during the 4th quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider’s stock valued at $4,341,000 after acquiring an additional 13,870 shares during the period. Nordea Investment Management AB lifted its position in shares of Apollo Global Management by 129.8% during the 4th quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock valued at $61,497,000 after acquiring an additional 371,721 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Apollo Global Management by 39.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 185,206 shares of the financial services provider’s stock valued at $17,259,000 after acquiring an additional 52,063 shares during the period. Raymond James & Associates lifted its position in shares of Apollo Global Management by 3.5% during the 4th quarter. Raymond James & Associates now owns 1,073,419 shares of the financial services provider’s stock valued at $100,032,000 after acquiring an additional 36,748 shares during the period. Finally, Pathstone Family Office LLC raised its position in shares of Apollo Global Management by 28.6% during the 3rd quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Up 2.9 %

APO stock opened at $113.77 on Wednesday. The stock has a market capitalization of $64.64 billion, a P/E ratio of 13.53, a PEG ratio of 0.90 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. Apollo Global Management, Inc. has a one year low of $57.50 and a one year high of $117.15. The company has a 50 day moving average price of $111.28 and a two-hundred day moving average price of $98.88.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $823.27 million. As a group, sell-side analysts expect that Apollo Global Management, Inc. will post 7.44 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.51%. Apollo Global Management’s dividend payout ratio is presently 20.45%.

Insider Activity

In other news, insider Whitney Chatterjee sold 12,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Whitney Chatterjee sold 12,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction 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 sale, 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. Insiders sold 1,426,000 shares of company stock valued at $158,226,960 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on APO. Wells Fargo & Company lifted their price objective on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Morgan Stanley lifted 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. Citigroup lifted their price objective on Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Keefe, Bruyette & Woods lifted their price objective on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, TD Cowen began coverage on Apollo Global Management in a research report on Thursday, January 4th. They set an “outperform” rating and a $115.00 price objective for the company. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.25.

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.