Diversified Trust Co Raises Stock Holdings in Apollo Global Management Inc. $APO

Diversified Trust Co boosted its position in Apollo Global Management Inc. (NYSE:APO) by 28.5% in the first quarter, Holdings Channel.com reports. The firm owned 54,644 shares of the financial services provider’s stock after buying an additional 12,135 shares during the quarter. Diversified Trust Co’s holdings in Apollo Global Management were worth $6,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APO. Chesapeake Asset Management LLC boosted its holdings in shares of Apollo Global Management by 3.6% during the 4th quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock valued at $299,000 after buying an additional 72 shares in the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in shares of Apollo Global Management by 0.8% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock worth $1,383,000 after acquiring an additional 80 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Apollo Global Management by 16.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 82 shares in the last quarter. United Advisor Group LLC increased its stake in shares of Apollo Global Management by 4.7% in the 4th quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 87 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. lifted its position in Apollo Global Management by 3.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 87 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on APO shares. Evercore reissued an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. The Goldman Sachs Group decreased their target price on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Morgan Stanley dropped their price target on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada upped their price target on Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $151.23.

Insider Activity at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the sale, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.30% of the stock is currently owned by insiders.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $137.85 on Friday. The stock has a market cap of $79.47 billion, a price-to-earnings ratio of 87.80, a PEG ratio of 1.18 and a beta of 1.50. The firm’s 50-day moving average is $128.15 and its 200 day moving average is $128.24. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.89 by $0.05. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. Apollo Global Management’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 EPS. Sell-side analysts anticipate that Apollo Global Management Inc. will post 8.28 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a $0.5625 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s payout ratio is currently 143.31%.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.