Aberdeen Group plc Increases Stock Holdings in Apollo Global Management Inc. (NYSE:APO)

Aberdeen Group plc lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 110.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 408,081 shares of the financial services provider’s stock after buying an additional 214,142 shares during the period. Aberdeen Group plc owned about 0.07% of Apollo Global Management worth $54,928,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $25,000. GW&K Investment Management LLC boosted its position in Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares during the last quarter. ORG Partners LLC boosted its position in Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 171 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new position in Apollo Global Management in the first quarter worth $39,000. Finally, Meeder Asset Management Inc. boosted its position in Apollo Global Management by 118.6% in the first quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the topic of several research analyst reports. Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Monday, May 5th. Citigroup boosted their price objective on Apollo Global Management from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Evercore ISI boosted their price objective on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Wells Fargo & Company boosted their price objective on Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Finally, UBS Group cut their price objective on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.26.

Apollo Global Management Stock Performance

NYSE:APO opened at $139.41 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $189.49. The firm has a market cap of $79.75 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 1.47 and a beta of 1.62. The business’s fifty day moving average is $142.86 and its 200 day moving average is $140.63.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%. The company had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $1.64 EPS. Research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 18th. Apollo Global Management’s payout ratio is presently 38.13%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider directly owned 83,192 shares in the company, valued at $12,148,527.76. This represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer owned 332,399 shares in the company, valued at $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.20% of the company’s stock.

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.