Apollo Global Management Inc. $APO Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its stake in Apollo Global Management Inc. (NYSE:APO) by 12.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,026 shares of the financial services provider’s stock after buying an additional 11,202 shares during the quarter. IFM Investors Pty Ltd’s holdings in Apollo Global Management were worth $11,256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Swiss National Bank grew its stake in shares of Apollo Global Management by 4.0% in the 3rd quarter. Swiss National Bank now owns 1,257,314 shares of the financial services provider’s stock valued at $167,562,000 after buying an additional 48,400 shares during the period. Swiss Life Asset Management Ltd raised its position in shares of Apollo Global Management by 26.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 48,201 shares of the financial services provider’s stock valued at $6,424,000 after buying an additional 9,936 shares during the period. Onex Canada Asset Management Inc. lifted its holdings in Apollo Global Management by 13.9% in the third quarter. Onex Canada Asset Management Inc. now owns 379,431 shares of the financial services provider’s stock valued at $50,566,000 after acquiring an additional 46,335 shares during the last quarter. Legal & General Group Plc grew its position in Apollo Global Management by 4.5% in the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after acquiring an additional 155,857 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Apollo Global Management by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,387,029 shares of the financial services provider’s stock worth $184,930,000 after acquiring an additional 33,402 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings lowered Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. TD Cowen cut their price objective on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. UBS Group increased their target price on shares of Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.23.

Apollo Global Management Stock Up 0.1%

Shares of APO opened at $118.43 on Thursday. The stock has a market capitalization of $68.28 billion, a PE ratio of 75.43, a P/E/G ratio of 1.02 and a beta of 1.50. 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 quick ratio of 1.73 and a current ratio of 1.73. The company’s 50-day simple moving average is $129.17 and its 200-day simple moving average is $127.22.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the business posted $1.82 earnings per share. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. Analysts forecast that Apollo Global Management Inc. will post 8.26 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 1.9%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s payout ratio is presently 143.31%.

Apollo Global Management Company 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.