Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 2,708.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,099 shares of the financial services provider’s stock after acquiring an additional 111,001 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Apollo Global Management were worth $10,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC acquired a new stake in Apollo Global Management during the fourth quarter worth about $31,000. CVA Family Office LLC bought a new position in Apollo Global Management in the 4th quarter worth about $34,000. Blue Trust Inc. grew its position in Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 221 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Apollo Global Management by 7,183.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 431 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new position in shares of Apollo Global Management in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on APO. TD Cowen began coverage on shares of Apollo Global Management in a report on Thursday, January 4th. They issued an “outperform” rating and a $115.00 price objective for the company. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Morgan Stanley upped their price target on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. BMO Capital Markets upped their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Apollo Global Management in a research report on Wednesday, February 28th. They issued an “overweight” rating and a $122.00 price target for the company. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $113.25.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the transaction, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider James C. Zelter sold 150,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the transaction, the insider now owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the transaction, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,000 shares of company stock worth $158,226,960 in the last 90 days. 8.70% of the stock is owned by insiders.

Apollo Global Management Stock Up 0.2 %

APO stock opened at $107.82 on Wednesday. Apollo Global Management, Inc. has a 12-month low of $57.50 and a 12-month high of $117.15. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. The company has a market cap of $61.26 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 0.91 and a beta of 1.63. The company has a 50 day moving average of $111.19 and a two-hundred day moving average of $98.15.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The company had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. On average, equities analysts anticipate that Apollo Global Management, Inc. will post 7.5 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were given a $0.43 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a yield of 1.60%. Apollo Global Management’s payout ratio is 20.45%.

About Apollo Global Management

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.