BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 9,708 Shares of Apollo Global Management, Inc. (NYSE:APO)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Apollo Global Management, Inc. (NYSE:APO) by 38.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,709 shares of the financial services provider’s stock after purchasing an additional 9,708 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Apollo Global Management were worth $3,903,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Entropy Technologies LP lifted its stake in shares of Apollo Global Management by 139.6% in the 1st quarter. Entropy Technologies LP now owns 29,184 shares of the financial services provider’s stock valued at $3,282,000 after purchasing an additional 17,006 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of Apollo Global Management by 8.4% during the 1st quarter. William Blair Investment Management LLC now owns 1,904,212 shares of the financial services provider’s stock worth $214,129,000 after acquiring an additional 147,710 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Apollo Global Management by 7.9% during the 1st quarter. Bleakley Financial Group LLC now owns 18,565 shares of the financial services provider’s stock worth $2,088,000 after acquiring an additional 1,357 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Apollo Global Management during the 1st quarter worth approximately $2,382,000. Finally, US Bancorp DE lifted its stake in shares of Apollo Global Management by 3.5% during the 1st quarter. US Bancorp DE now owns 8,551 shares of the financial services provider’s stock worth $962,000 after acquiring an additional 288 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on APO shares. Keefe, Bruyette & Woods raised their price target on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. BMO Capital Markets lifted their target price on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Evercore ISI lifted their target price on Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday. Finally, TD Cowen lifted their target price on Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $119.29.

Apollo Global Management Stock Up 0.6 %

Shares of NYSE:APO traded up $0.78 on Friday, reaching $121.11. The company had a trading volume of 84,533 shares, compared to its average volume of 2,364,896. Apollo Global Management, Inc. has a 52-week low of $77.11 and a 52-week high of $124.01. The firm’s 50 day simple moving average is $116.72 and its 200-day simple moving average is $110.49. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $68.81 billion, a PE ratio of 13.33, a PEG ratio of 0.99 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.21). Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. The business had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $827.33 million. As a group, analysts expect that Apollo Global Management, Inc. will post 7.11 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.463 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.85 dividend on an annualized basis and a yield of 1.53%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s payout ratio is currently 20.49%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 30,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total value of $3,338,700.00. Following the completion of the transaction, the chief financial officer now owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Profile

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.