Vanguard Personalized Indexing Management LLC Acquires 8,039 Shares of Apollo Global Management Inc. $APO

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 29.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 35,578 shares of the financial services provider’s stock after purchasing an additional 8,039 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Apollo Global Management were worth $5,048,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GW&K Investment Management LLC raised its stake in shares of Apollo Global Management by 84.5% during the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after buying an additional 87 shares during the last quarter. ORG Partners LLC raised its stake in shares of Apollo Global Management by 285.0% during the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock worth $32,000 after buying an additional 171 shares during the last quarter. Bay Harbor Wealth Management LLC raised its stake in shares of Apollo Global Management by 5,200.0% during the second quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock worth $38,000 after buying an additional 260 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new stake in shares of Apollo Global Management during the first quarter worth approximately $39,000. Finally, Rise Advisors LLC bought a new stake in shares of Apollo Global Management during the first quarter worth approximately $42,000. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the transaction, the insider owned 83,192 shares in the company, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 915,000 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares of the company’s stock, valued at $606,619,780. The trade was a 16.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 935,000 shares of company stock worth $125,543,790. 8.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

APO has been the subject of several recent analyst reports. Barclays lowered their target price on shares of Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Wells Fargo & Company upped their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Evercore ISI upped their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Finally, Citigroup lowered their target price on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.14.

Apollo Global Management Stock Up 3.7%

Shares of APO stock opened at $122.54 on Tuesday. The firm has a fifty day moving average of $135.82 and a 200-day moving average of $136.08. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $189.49. The company has a market capitalization of $70.09 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.29 and a beta of 1.68.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The company had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $1.64 earnings per share. As a group, equities research analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio is presently 38.13%.

About Apollo Global Management

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.