AM Investment Strategies LLC Has $4.99 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

AM Investment Strategies LLC grew its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,577 shares of the financial services provider’s stock after purchasing an additional 251 shares during the period. Apollo Global Management makes up 1.4% of AM Investment Strategies LLC’s investment portfolio, making the stock its 14th biggest holding. AM Investment Strategies LLC’s holdings in Apollo Global Management were worth $4,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of Apollo Global Management by 18.9% during the third quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock valued at $892,973,000 after purchasing an additional 1,584,201 shares during the period. Mariner LLC raised its holdings in shares of Apollo Global Management by 0.3% in the 3rd quarter. Mariner LLC now owns 3,648,342 shares of the financial services provider’s stock worth $327,475,000 after acquiring an additional 9,962 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Apollo Global Management by 2.5% in the 3rd quarter. Northern Trust Corp now owns 2,968,775 shares of the financial services provider’s stock worth $266,477,000 after acquiring an additional 72,111 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Apollo Global Management by 5.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,121,839 shares of the financial services provider’s stock worth $190,456,000 after acquiring an additional 116,062 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Apollo Global Management by 11.2% in the 3rd quarter. William Blair Investment Management LLC now owns 1,902,972 shares of the financial services provider’s stock worth $170,811,000 after acquiring an additional 191,881 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

APO traded down $0.84 on Thursday, hitting $111.88. The company’s stock had a trading volume of 1,399,119 shares, compared to its average volume of 2,333,450. The company’s 50 day simple moving average is $111.24 and its 200-day simple moving average is $99.07. The firm has a market cap of $63.57 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.95 and a beta of 1.63. Apollo Global Management, Inc. has a 12 month low of $57.50 and a 12 month 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 net margin of 15.86% and a return on equity of 20.33%. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. Analysts forecast that Apollo Global Management, Inc. will post 7.44 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.54%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s payout ratio is 20.45%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APO. 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 report on Friday, April 5th. JPMorgan Chase & Co. increased their price objective on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, Barclays increased their price objective on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $113.33.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, 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 value of $1,527,260.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider James C. Zelter sold 150,000 shares of the firm’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 owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 sale, the chief financial officer now owns 366,572 shares in the company, 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 in the last three months. Company insiders own 8.70% of the company’s stock.

About Apollo Global Management

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.