Ontario Teachers Pension Plan Board Invests $219,000 in Apollo Global Management, Inc. (NYSE:APO)

Ontario Teachers Pension Plan Board bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,948 shares of the financial services provider’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of Apollo Global Management by 8,942.1% during the 1st quarter. Acadian Asset Management LLC now owns 327,506 shares of the financial services provider’s stock worth $36,816,000 after buying an additional 323,884 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in Apollo Global Management by 9.7% in the 1st quarter. Westfield Capital Management Co. LP now owns 886,761 shares of the financial services provider’s stock valued at $99,716,000 after purchasing an additional 78,765 shares during the period. Intech Investment Management LLC raised its stake in shares of Apollo Global Management by 16.8% during the 1st quarter. Intech Investment Management LLC now owns 87,994 shares of the financial services provider’s stock worth $9,895,000 after purchasing an additional 12,625 shares during the period. Tocqueville Asset Management L.P. boosted its holdings in shares of Apollo Global Management by 35.2% in the 1st quarter. Tocqueville Asset Management L.P. now owns 129,280 shares of the financial services provider’s stock worth $14,538,000 after buying an additional 33,650 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its position in Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 305 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Apollo Global Management stock traded down $0.17 during midday trading on Tuesday, hitting $123.82. The stock had a trading volume of 48,022 shares, compared to its average volume of 2,357,163. The firm’s fifty day moving average is $117.17 and its two-hundred day moving average is $111.16. 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 company has a market capitalization of $70.35 billion, a PE ratio of 13.73, a P/E/G ratio of 0.99 and a beta of 1.59. Apollo Global Management, Inc. has a 52-week low of $77.11 and a 52-week high of $124.30.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results 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). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The business had revenue of $839.00 million for the quarter, compared to the consensus estimate of $827.33 million. On average, research analysts forecast that Apollo Global Management, Inc. will post 7.11 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.50%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, May 16th. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Evercore ISI raised their price target on shares of Apollo Global Management from $128.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Barclays decreased their price target on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. TD Cowen increased their price objective on Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Finally, Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.29.

Insiders Place Their Bets

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

Apollo Global Management Company 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.