Apollo Global Management Inc. $APO Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in Apollo Global Management Inc. (NYSE:APO) by 608.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,193 shares of the financial services provider’s stock after purchasing an additional 62,866 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Apollo Global Management were worth $8,495,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of APO. Prime Capital Investment Advisors LLC grew its holdings in shares of Apollo Global Management by 61.7% during the third quarter. Prime Capital Investment Advisors LLC now owns 48,011 shares of the financial services provider’s stock valued at $5,257,000 after buying an additional 18,317 shares during the last quarter. Islay Capital Management LLC boosted its stake in Apollo Global Management by 8.8% during the 3rd quarter. Islay Capital Management LLC now owns 8,442 shares of the financial services provider’s stock valued at $980,000 after purchasing an additional 685 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Apollo Global Management by 174.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 162,715 shares of the financial services provider’s stock valued at $18,885,000 after purchasing an additional 103,326 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in Apollo Global Management by 85.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 7,125 shares of the financial services provider’s stock valued at $754,000 after purchasing an additional 3,293 shares during the last quarter. Finally, Tanager Wealth Management LLP bought a new stake in shares of Apollo Global Management in the 3rd quarter worth $203,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction dated 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 owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Bank of America decreased their price target on Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Evercore increased their price objective on Apollo Global Management from $145.00 to $146.00 in a research report on Thursday, October 8th. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. JPMorgan Chase & Co. lifted their price objective on Apollo Global Management from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Finally, TD Cowen decreased their target price on Apollo Global Management from $159.00 to $154.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.90.

Apollo Global Management Trading Down 1.8%

NYSE:APO opened at $112.73 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The company has a market cap of $66.57 billion, a PE ratio of 41.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.58. The company has a 50 day simple moving average of $124.10 and a two-hundred day simple moving average of $125.23.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $1.92 earnings per share. Research analysts forecast that Apollo Global Management Inc. will post 7.96 earnings per share for the current year.

Apollo Global Management Dividend Announcement

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

Apollo Global Management Company 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.