Apollo Global Management, Inc. (NYSE:APO) Holdings Reduced by Mcdonald Partners LLC

Mcdonald Partners LLC decreased its position in Apollo Global Management, Inc. (NYSE:APO) by 2.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,145 shares of the financial services provider’s stock after selling 200 shares during the period. Mcdonald Partners LLC’s holdings in Apollo Global Management were worth $916,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Apollo Global Management by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock worth $3,824,342,000 after purchasing an additional 750,781 shares during the last quarter. Capital International Investors boosted its holdings in shares of Apollo Global Management by 2.1% in the fourth quarter. Capital International Investors now owns 10,775,413 shares of the financial services provider’s stock valued at $1,004,161,000 after acquiring an additional 218,566 shares in the last quarter. Norges Bank bought a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $586,016,000. Putnam Investments LLC boosted its holdings in shares of Apollo Global Management by 2.8% in the fourth quarter. Putnam Investments LLC now owns 5,939,220 shares of the financial services provider’s stock valued at $553,476,000 after acquiring an additional 164,400 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Apollo Global Management by 2.5% in the third quarter. Northern Trust Corp now owns 2,968,775 shares of the financial services provider’s stock valued at $266,477,000 after acquiring an additional 72,111 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 0.3 %

Shares of NYSE:APO traded down $0.34 during mid-day trading on Wednesday, hitting $118.13. The stock had a trading volume of 1,735,944 shares, compared to its average volume of 2,330,837. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $67.12 billion, a PE ratio of 13.08, a P/E/G ratio of 0.98 and a beta of 1.61. Apollo Global Management, Inc. has a 12-month low of $73.49 and a 12-month high of $119.69. The company’s 50 day moving average is $113.92 and its 200-day moving average is $107.62.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.21). The company had revenue of $839.00 million during the quarter, compared to analyst estimates of $827.33 million. Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. On average, sell-side analysts predict that Apollo Global Management, Inc. will post 7.14 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.463 dividend. This represents a $1.85 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the completion of the sale, the chief financial officer now directly 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 available through the SEC website. Company insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on APO shares. Barclays decreased 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 report on Friday, May 3rd. Keefe, Bruyette & Woods increased their target price 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. JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Evercore ISI increased their target price on shares of Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, JPMorgan Chase & Co. increased their target price 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, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $115.62.

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.