Maryland State Retirement & Pension System Boosts Position in Apollo Global Management, Inc. (NYSE:APO)

Maryland State Retirement & Pension System grew its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,597 shares of the financial services provider’s stock after purchasing an additional 760 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Apollo Global Management were worth $3,783,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in APO. Strategic Blueprint LLC boosted its stake in shares of Apollo Global Management by 42.4% during the 4th quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider’s stock worth $4,341,000 after acquiring an additional 13,870 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Apollo Global Management by 129.8% in the fourth quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock worth $61,497,000 after buying an additional 371,721 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of Apollo Global Management by 39.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 185,206 shares of the financial services provider’s stock valued at $17,259,000 after buying an additional 52,063 shares in the last quarter. Raymond James & Associates grew its stake in shares of Apollo Global Management by 3.5% during the 4th quarter. Raymond James & Associates now owns 1,073,419 shares of the financial services provider’s stock valued at $100,032,000 after acquiring an additional 36,748 shares during the period. Finally, Pathstone Family Office LLC increased its holdings in Apollo Global Management by 28.6% in the 3rd quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 6,000 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 1.4 %

NYSE:APO traded up $1.58 during midday trading on Tuesday, hitting $113.06. The stock had a trading volume of 1,770,226 shares, compared to its average volume of 2,345,900. The stock has a 50-day moving average of $111.12 and a 200 day moving average of $100.34. The company has a market capitalization of $64.24 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.92 and a beta of 1.61. Apollo Global Management, Inc. has a one year low of $59.89 and a one year 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.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.77% and a net margin of 16.27%. The firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. As a group, sell-side analysts forecast that Apollo Global Management, Inc. will post 7.43 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a dividend of $0.463 per share. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.64%. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.05%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on APO shares. Citigroup upped their target price on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Barclays dropped their price objective on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Friday. Morgan Stanley lifted their target price on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. BMO Capital Markets increased their price target on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company lifted their price objective on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.31.

Insider Activity

In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the sale, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Whitney Chatterjee sold 12,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 123,901 shares in the company, valued at $13,765,401.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider James C. Zelter sold 150,000 shares of the business’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 sale, the insider now directly owns 1,454,588 shares in the company, valued at $158,782,826.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Corporate insiders own 8.70% of the company’s stock.

Apollo Global Management 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.