Yousif Capital Management LLC Grows Stake in Apollo Global Management, Inc. (NYSE:APO)

Yousif Capital Management LLC grew its holdings in Apollo Global Management, Inc. (NYSE:APO) by 2.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 57,542 shares of the financial services provider’s stock after buying an additional 1,448 shares during the quarter. Yousif Capital Management LLC’s holdings in Apollo Global Management were worth $7,880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $25,000. Hopwood Financial Services Inc. purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $34,000. HM Payson & Co. bought a new position in shares of Apollo Global Management in the 4th quarter worth approximately $45,000. Finally, Colonial Trust Co SC raised its position in shares of Apollo Global Management by 29.2% in the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on APO shares. Citigroup decreased their target price on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Morgan Stanley decreased their target price on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company increased their target price on Apollo Global Management from $158.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, May 23rd. Barclays increased their target price on Apollo Global Management from $145.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $159.00.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade represents a 1.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Martin Kelly sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the transaction, the chief financial officer now owns 373,164 shares in the company, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Up 1.7%

Apollo Global Management stock opened at $135.82 on Wednesday. The firm has a market cap of $77.62 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 1.17 and a beta of 1.59. The stock has a fifty day simple moving average of $130.76 and a two-hundred day simple moving average of $149.37. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last posted its earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.02). The business 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.72 EPS. Equities analysts predict that Apollo Global Management, Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.51 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.50%. Apollo Global Management’s dividend payout ratio (DPR) is presently 35.73%.

Apollo Global Management Company 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.