Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its position in Apollo Global Management, Inc. (NYSE:APO) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,630 shares of the financial services provider’s stock after acquiring an additional 2,292 shares during the period. Vontobel Holding Ltd.’s holdings in Apollo Global Management were worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in Apollo Global Management by 7,183.3% during the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after buying an additional 431 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in Apollo Global Management during the first quarter worth $30,000. Zions Bancorporation N.A. acquired a new position in Apollo Global Management during the first quarter worth $30,000. Sugarloaf Wealth Management LLC acquired a new position in Apollo Global Management during the fourth quarter worth $31,000. Finally, Blue Trust Inc. boosted its stake 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 worth $33,000 after buying an additional 221 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APO. Wells Fargo & Company boosted their price objective on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Citigroup upped their price target on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 13th. Barclays upped their price target on Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. assumed coverage on Apollo Global Management in a research note on Wednesday, February 28th. They issued an “overweight” rating and a $122.00 price target on the stock. Finally, Morgan Stanley upped their price target on 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. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $113.25.

Apollo Global Management Price Performance

APO stock opened at $107.49 on Thursday. The business’s fifty day moving average price is $111.22 and its 200 day moving average price is $98.22. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management, Inc. has a 12-month low of $57.50 and a 12-month high of $117.15. The company has a market capitalization of $61.07 billion, a PE ratio of 12.78, a P/E/G ratio of 0.89 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. On average, sell-side analysts anticipate that Apollo Global Management, Inc. will post 7.5 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 annualized dividend and a yield of 1.60%. Apollo Global Management’s dividend payout ratio (DPR) is 20.45%.

Insiders Place Their Bets

In other news, insider James C. Zelter sold 150,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the transaction, the insider now directly owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider James C. Zelter sold 150,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now directly owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,000 shares of company stock worth $158,226,960 in the last quarter. 8.70% 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 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.