Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 82,126 shares of the financial services provider’s stock after buying an additional 636 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Apollo Global Management were worth $7,652,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. US Bancorp DE increased its stake in shares of Apollo Global Management by 174.5% in the 1st quarter. US Bancorp DE now owns 6,275 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 3,989 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of Apollo Global Management in the 1st quarter valued at about $1,112,000. Panagora Asset Management Inc. purchased a new position in shares of Apollo Global Management in the 1st quarter valued at about $202,000. APG Asset Management N.V. purchased a new position in shares of Apollo Global Management in the 1st quarter valued at about $457,000. Finally, Yousif Capital Management LLC purchased a new stake in Apollo Global Management during the 1st quarter worth approximately $511,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded down $0.34 on Wednesday, hitting $107.49. 2,430,372 shares of the company were exchanged, compared to its average volume of 2,374,296. The stock has a market capitalization of $61.07 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.89 and a beta of 1.63. The company has a 50-day moving average price of $111.19 and a 200 day moving average price of $98.15. Apollo Global Management, Inc. has a 1-year low of $57.50 and a 1-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 posted its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The company had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. As a group, sell-side analysts predict 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 of this dividend 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 currently 20.45%.

Analysts Set New Price Targets

Several equities research analysts have commented on APO shares. Barclays boosted their price objective on Apollo Global Management from $122.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. BMO Capital Markets boosted their price objective on Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. TD Cowen started coverage on Apollo Global Management in a research note on Thursday, January 4th. They set an “outperform” rating and a $115.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on 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. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $113.25.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the sale, the chief financial officer now directly owns 366,572 shares of the company’s stock, valued at approximately $39,989,339.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction that occurred 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 owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was 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 approximately $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 90 days. 8.70% of the stock is owned by company insiders.

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.