PGGM Investments Invests $840,000 in Apollo Global Management, Inc. (NYSE:APO)

PGGM Investments purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the first quarter, Holdings Channel reports. The firm purchased 7,469 shares of the financial services provider’s stock, valued at approximately $840,000.

A number of other hedge funds have also bought and sold shares of APO. Blue Trust Inc. grew its position in Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after buying an additional 221 shares during the period. Leavell Investment Management Inc. bought a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $363,000. International Assets Investment Management LLC increased its stake in shares of Apollo Global Management by 9,135.9% during the 4th quarter. International Assets Investment Management LLC now owns 290,100 shares of the financial services provider’s stock worth $270,340,000 after purchasing an additional 286,959 shares during the last quarter. Park Place Capital Corp raised its holdings in shares of Apollo Global Management by 2.1% in the 4th quarter. Park Place Capital Corp now owns 8,611 shares of the financial services provider’s stock worth $802,000 after purchasing an additional 173 shares during the period. Finally, Fulton Bank N.A. lifted its stake in Apollo Global Management by 3.9% in the fourth quarter. Fulton Bank N.A. now owns 4,583 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 170 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Down 10.7 %

APO opened at $103.53 on Friday. The firm has a market capitalization of $58.82 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 0.95 and a beta of 1.59. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $126.45. The company has a fifty day moving average price of $118.33 and a 200-day moving average price of $112.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a return on equity of 17.97% and a net margin of 21.90%. The business had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. During the same quarter in the previous year, the firm earned $1.54 earnings per share. Equities research analysts expect that Apollo Global Management, Inc. will post 7.09 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on APO shares. Jefferies Financial Group decreased their target price on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. Keefe, Bruyette & Woods lifted their price objective on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. JPMorgan Chase & Co. upped their price objective on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Finally, UBS Group boosted their price target on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.