OMERS ADMINISTRATION Corp Purchases 10,993 Shares of Apollo Global Management, Inc. (NYSE:APO)

OMERS ADMINISTRATION Corp increased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 79.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,817 shares of the financial services provider’s stock after buying an additional 10,993 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Apollo Global Management were worth $4,099,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in APO. Vanguard Group Inc. raised its holdings in shares of Apollo Global Management by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider’s stock valued at $7,454,560,000 after acquiring an additional 3,691,700 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Apollo Global Management by 64.6% in the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider’s stock worth $1,550,316,000 after purchasing an additional 3,695,979 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Apollo Global Management by 36.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider’s stock valued at $1,065,615,000 after purchasing an additional 1,739,807 shares in the last quarter. Northern Trust Corp lifted its position in Apollo Global Management by 50.0% during the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider’s stock valued at $723,853,000 after purchasing an additional 1,460,689 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Apollo Global Management by 60.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock valued at $479,057,000 after purchasing an additional 1,094,464 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other news, insider Lb 2018 Gst Trust acquired 607,725 shares of the stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the transaction, the insider now owns 621,754 shares of the company’s stock, valued at $69,257,178.06. This represents a 4,331.92% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This trade represents a 1.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 509,000 shares of company stock valued at $72,321,680. 8.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on APO. TD Cowen lowered their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley lowered their price target on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Barclays upped their price objective on Apollo Global Management from $145.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. UBS Group decreased their price objective on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods dropped their target price on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.89.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $145.23 on Wednesday. The business has a 50 day moving average of $132.09 and a 200 day moving average of $152.54. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The company has a market cap of $82.85 billion, a PE ratio of 19.87, a P/E/G ratio of 1.17 and a beta of 1.67. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.02). The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The firm’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.72 earnings per share. As a group, equities research analysts forecast that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.51 dividend. The ex-dividend date is Friday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.40%. Apollo Global Management’s dividend payout ratio (DPR) is 35.73%.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.