Intech Investment Management LLC Increases Position in Apollo Global Management, Inc. (NYSE:APO)

Intech Investment Management LLC lifted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 16.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,994 shares of the financial services provider’s stock after purchasing an additional 12,625 shares during the period. Intech Investment Management LLC’s holdings in Apollo Global Management were worth $9,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. DSM Capital Partners LLC purchased a new stake in Apollo Global Management during the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp increased its stake in Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after buying an additional 305 shares in the last quarter. True Wealth Design LLC purchased a new stake in Apollo Global Management during the 4th quarter worth approximately $33,000. CVA Family Office LLC purchased a new stake in Apollo Global Management during the 4th quarter worth approximately $34,000. Finally, Blue Trust Inc. increased its stake in Apollo Global Management by 151.4% during the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after buying an additional 221 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 30,000 shares of Apollo Global Management stock in a transaction on Wednesday, May 8th. The shares were 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 in the company, valued at approximately $40,002,634.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Stock Performance

Shares of APO traded up $0.18 during mid-day trading on Friday, hitting $120.51. 1,746,841 shares of the company’s stock were exchanged, compared to its average volume of 2,626,907. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $124.01. The firm has a market capitalization of $68.47 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.99 and a beta of 1.59. The business’s 50 day moving average is $116.88 and its two-hundred day moving average is $110.82. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The company had revenue of $839.00 million for the quarter, compared to analyst estimates of $827.33 million. On average, equities analysts expect that Apollo Global Management, Inc. will post 7.11 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.463 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a yield of 1.54%. The ex-dividend date was Thursday, May 16th. Apollo Global Management’s payout ratio is presently 20.49%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods upped their price target on Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. UBS Group upped their price objective on Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Jefferies Financial Group decreased their price target on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Finally, Barclays decreased their price target on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $119.29.

Apollo Global Management Company 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.