Apollo Global Management Inc. $APO Shares Bought by Founders Financial Securities LLC

Founders Financial Securities LLC raised its holdings in Apollo Global Management Inc. (NYSE:APO) by 67.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 24,422 shares of the financial services provider’s stock after acquiring an additional 9,861 shares during the quarter. Founders Financial Securities LLC’s holdings in Apollo Global Management were worth $2,613,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Boston Partners increased its position in shares of Apollo Global Management by 106.7% during the fourth quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock worth $474,384,000 after acquiring an additional 1,692,532 shares during the period. Focus Partners Wealth raised its stake in shares of Apollo Global Management by 2,560.3% in the fourth quarter. Focus Partners Wealth now owns 1,404,576 shares of the financial services provider’s stock valued at $203,324,000 after acquiring an additional 1,351,778 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in Apollo Global Management by 271.8% in the fourth quarter. Corient Private Wealth LLC now owns 1,024,143 shares of the financial services provider’s stock valued at $148,255,000 after purchasing an additional 748,697 shares during the period. Temasek Holdings Private Ltd boosted its holdings in Apollo Global Management by 879.2% in the fourth quarter. Temasek Holdings Private Ltd now owns 753,349 shares of the financial services provider’s stock valued at $109,055,000 after purchasing an additional 676,411 shares during the period. Finally, Wellington Management Group LLP grew its stake in Apollo Global Management by 5,321.9% during the 4th quarter. Wellington Management Group LLP now owns 551,570 shares of the financial services provider’s stock worth $79,845,000 after purchasing an additional 541,397 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the topic of several recent research reports. UBS Group upped their price target on Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a report on Friday, May 8th. BMO Capital Markets decreased their price objective on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a research note on Tuesday, March 24th. Weiss Ratings downgraded Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Morgan Stanley cut their target price on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada upped their target price on shares of Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.23.

Insider Activity at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.30% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO stock opened at $137.85 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average price of $128.15 and a 200 day moving average price of $128.24. The company has a market cap of $79.47 billion, a P/E ratio of 87.80, a PEG ratio of 1.18 and a beta of 1.50. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $157.28.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results 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. The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.Apollo Global Management’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period last year, the firm earned $1.82 earnings per share. Sell-side analysts predict that Apollo Global Management Inc. will post 8.28 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio (DPR) is currently 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.