Zhang Financial LLC Increases Position in Apollo Global Management, Inc. (NYSE:APO)

Zhang Financial LLC boosted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 55.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,627 shares of the financial services provider’s stock after purchasing an additional 6,319 shares during the quarter. Zhang Financial LLC’s holdings in Apollo Global Management were worth $1,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of APO. US Bancorp DE grew its holdings in Apollo Global Management by 174.5% in the first quarter. US Bancorp DE now owns 6,275 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 3,989 shares during the period. MetLife Investment Management LLC bought a new position in shares of Apollo Global Management in the first quarter worth approximately $1,112,000. Panagora Asset Management Inc. bought a new position in shares of Apollo Global Management in the first quarter worth approximately $202,000. APG Asset Management N.V. bought a new position in shares of Apollo Global Management in the first quarter worth approximately $457,000. Finally, Yousif Capital Management LLC bought a new position in shares of Apollo Global Management in the first quarter worth approximately $511,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In other news, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total value of $1,333,200.00. Following the completion of the sale, the insider now directly owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Whitney Chatterjee sold 12,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the transaction, the insider now directly owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 directly owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The disclosure for this sale can be found here. Insiders sold a total of 1,426,000 shares of company stock valued at $158,226,960 over the last three months. Corporate insiders own 8.70% of the company’s stock.

Apollo Global Management Stock Performance

APO traded down $0.16 during trading on Friday, hitting $107.14. The company’s stock had a trading volume of 1,122,601 shares, compared to its average volume of 2,346,260. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management, Inc. has a one year low of $57.50 and a one year high of $117.15. The firm has a market cap of $60.87 billion, a PE ratio of 12.86, a P/E/G ratio of 0.90 and a beta of 1.63. The business’s 50 day simple moving average is $111.22 and its 200-day simple moving average is $98.28.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. As a group, sell-side analysts predict that Apollo Global Management, Inc. will post 7.44 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were paid a $0.43 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.61%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.45%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APO. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. BMO Capital Markets upped their target price on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Morgan Stanley upped their target price on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Citigroup increased their price objective on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, TD Cowen started coverage on shares of Apollo Global Management in a research report on Thursday, January 4th. They set an “outperform” rating and a $115.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $113.25.

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.