HighPoint Advisor Group LLC acquired a new position in Apollo Global Management, Inc. (NYSE:APO – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,430 shares of the financial services provider’s stock, valued at approximately $320,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APO. PNC Financial Services Group Inc. raised its holdings in Apollo Global Management by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 27,775 shares of the financial services provider’s stock valued at $2,588,000 after buying an additional 117 shares during the period. Kingdon Capital Management L.L.C. increased its position in shares of Apollo Global Management by 4.2% during the fourth quarter. Kingdon Capital Management L.L.C. now owns 125,000 shares of the financial services provider’s stock valued at $11,649,000 after acquiring an additional 5,000 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Apollo Global Management by 11.2% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,877 shares of the financial services provider’s stock valued at $1,200,000 after acquiring an additional 1,298 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Apollo Global Management by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock worth $3,824,342,000 after acquiring an additional 750,781 shares during the last quarter. Finally, SageView Advisory Group LLC boosted its position in shares of Apollo Global Management by 9.7% during the 4th quarter. SageView Advisory Group LLC now owns 2,751 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 244 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.
Analyst Upgrades and Downgrades
APO has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods increased their target price on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. lifted their target price on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Finally, StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $115.62.
Check Out Our Latest Analysis on Apollo Global Management
Insider Activity at Apollo Global Management
In other news, CFO Martin Kelly sold 30,000 shares of Apollo Global Management stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the sale, the chief financial officer now owns 359,445 shares in the company, valued at $40,002,634.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.50% of the company’s stock.
Apollo Global Management Stock Performance
NYSE:APO opened at $118.36 on Friday. The firm has a market capitalization of $67.25 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. The business’s fifty day moving average price is $113.02 and its 200 day moving average price is $106.67. Apollo Global Management, Inc. has a 12 month low of $72.44 and a 12 month high of $119.69.
Apollo Global Management (NYSE:APO – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). The business had revenue of $839.00 million during the quarter, compared to analysts’ expectations of $827.33 million. Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. On average, sell-side analysts anticipate that Apollo Global Management, Inc. will post 7.19 earnings per share for the current fiscal year.
Apollo Global Management Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, May 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.56%. Apollo Global Management’s dividend payout ratio is presently 20.49%.
About Apollo Global Management
(Free Report)
Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.
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