ASR Vermogensbeheer N.V. Acquires 202,195 Shares of Apollo Global Management Inc. $APO

ASR Vermogensbeheer N.V. increased its holdings in Apollo Global Management Inc. (NYSE:APO) by 583.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 236,848 shares of the financial services provider’s stock after purchasing an additional 202,195 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Apollo Global Management were worth $33,601,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. GW&K Investment Management LLC increased its position in Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares during the last quarter. ORG Partners LLC increased its position in Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 171 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new stake in Apollo Global Management in the first quarter worth $39,000. Rise Advisors LLC bought a new position in Apollo Global Management during the first quarter valued at $42,000. Finally, Meeder Asset Management Inc. increased its position in Apollo Global Management by 118.6% during the first quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on APO shares. Citigroup boosted their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Barclays boosted their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Evercore ISI boosted their price objective on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $167.93.

Apollo Global Management Stock Down 2.4%

NYSE:APO opened at $130.05 on Thursday. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49. The company has a 50-day moving average of $139.35 and a 200 day moving average of $137.19. The firm has a market cap of $74.39 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The company had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm earned $1.64 earnings per share. As a group, research analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management’s dividend payout ratio is 38.13%.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the sale, the insider directly owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the sale, the insider directly owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 935,000 shares of company stock valued at $125,543,790 over the last three months. 8.20% 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, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.