Robeco Institutional Asset Management B.V. Buys 62,866 Shares of Apollo Global Management Inc. $APO

Robeco Institutional Asset Management B.V. increased its stake in Apollo Global Management Inc. (NYSE:APO) by 608.8% during the third quarter, Holdings Channel.com reports. The firm owned 73,193 shares of the financial services provider’s stock after purchasing an additional 62,866 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Apollo Global Management were worth $8,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GM Advisory Group LLC grew its holdings in Apollo Global Management by 0.9% during the first quarter. GM Advisory Group LLC now owns 12,015 shares of the financial services provider’s stock valued at $1,339,000 after purchasing an additional 108 shares during the period. Pinnacle Bancorp Inc. raised its stake in shares of Apollo Global Management by 14.5% in the first quarter. Pinnacle Bancorp Inc. now owns 924 shares of the financial services provider’s stock worth $103,000 after buying an additional 117 shares during the period. International Assets Investment Management LLC raised its stake in shares of Apollo Global Management by 3.9% in the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider’s stock worth $349,000 after buying an additional 119 shares during the period. Chickasaw Capital Management LLC lifted its position in shares of Apollo Global Management by 4.7% during the 3rd quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider’s stock valued at $309,000 after buying an additional 120 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its position in shares of Apollo Global Management by 2.4% during the 2nd quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider’s stock valued at $659,000 after buying an additional 131 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APO. Royal Bank Of Canada boosted their price objective on Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Wells Fargo & Company assumed coverage on shares of Apollo Global Management in a report on Friday, October 2nd. They issued an “equal weight” rating and a $127.00 target price for the company. Jefferies Financial Group decreased their target price on shares of Apollo Global Management from $138.00 to $127.00 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. UBS Group lowered their price target on shares of Apollo Global Management from $172.00 to $163.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. Finally, Rothschild & Co Redburn lifted their price target on shares of Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $151.90.

Apollo Global Management Trading Down 1.8%

Shares of APO stock opened at $112.73 on Friday. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $66.57 billion, a PE ratio of 41.29, a PEG ratio of 1.04 and a beta of 1.58. The stock has a fifty day simple moving average of $124.10 and a two-hundred day simple moving average of $125.23.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same quarter in the previous year, the firm earned $1.92 earnings per share. On average, analysts predict that Apollo Global Management Inc. will post 7.96 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.30% of the company’s stock.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.