Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Doliver Advisors LP

Doliver Advisors LP boosted its stake in Apollo Global Management, Inc. (NYSE:APOFree Report) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,649 shares of the financial services provider’s stock after buying an additional 355 shares during the period. Apollo Global Management accounts for approximately 0.5% of Doliver Advisors LP’s investment portfolio, making the stock its 24th largest holding. Doliver Advisors LP’s holdings in Apollo Global Management were worth $1,872,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth $31,000. DSM Capital Partners LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth $31,000. True Wealth Design LLC bought a new position in Apollo Global Management during the fourth quarter valued at about $33,000. CVA Family Office LLC bought a new position in Apollo Global Management during the fourth quarter valued at about $34,000. Finally, Blue Trust Inc. boosted its stake in Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after buying an additional 221 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 0.4 %

Apollo Global Management stock traded up $0.52 during mid-day trading on Monday, hitting $118.30. The company’s stock had a trading volume of 2,865,710 shares, compared to its average volume of 2,336,483. The firm’s 50 day moving average is $113.28 and its 200 day moving average is $107.17. The company has a market cap of $67.21 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. Apollo Global Management, Inc. has a 52-week low of $72.76 and a 52-week high of $119.69.

Apollo Global Management (NYSE:APOGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. The firm had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $827.33 million. On average, analysts anticipate that Apollo Global Management, Inc. will post 7.19 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a dividend of $0.463 per share. The ex-dividend date was 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 1.57%. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Wall Street Analysts Forecast Growth

APO has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Evercore ISI raised their target price on Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Jefferies Financial Group decreased their target price on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, Barclays reduced their target price on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $115.62.

View Our Latest Stock Analysis on Apollo Global Management

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the transaction, the chief financial officer now owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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