New York Life Investment Management LLC Has $661,000 Stock Position in Apollo Global Management, Inc. (NYSE:APO)

New York Life Investment Management LLC boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,097 shares of the financial services provider’s stock after purchasing an additional 774 shares during the quarter. New York Life Investment Management LLC’s holdings in Apollo Global Management were worth $661,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Sugarloaf Wealth Management LLC bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $31,000. Blue Trust Inc. raised its holdings in Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 221 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $34,000. Hanseatic Management Services Inc. acquired a new stake in shares of Apollo Global Management during the 3rd quarter worth approximately $39,000. Finally, Allworth Financial LP increased its position in shares of Apollo Global Management by 66.4% during the third quarter. Allworth Financial LP now owns 501 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 200 shares during the period. 77.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction on 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 completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Martin Kelly sold 14,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the transaction, the chief financial officer now directly owns 366,572 shares in the company, valued at $39,989,339.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction on 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 sale, the insider now directly owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is currently owned by corporate insiders.

Apollo Global Management Price Performance

Shares of APO stock opened at $113.33 on Thursday. Apollo Global Management, Inc. has a 52 week low of $59.89 and a 52 week high of $117.15. The stock has a market capitalization of $64.39 billion, a PE ratio of 12.55, a PEG ratio of 0.92 and a beta of 1.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. The stock’s fifty day moving average is $111.20 and its 200-day moving average is $100.64.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 16.27% and a return on equity of 20.77%. The firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. Equities research analysts expect that Apollo Global Management, Inc. will post 7.43 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.463 dividend. This represents a $1.85 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s payout ratio is 20.49%.

Analyst Ratings Changes

Several research analysts recently commented on the company. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Morgan Stanley lifted their target price on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Wells Fargo & Company increased their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Citigroup raised their price target on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Finally, Barclays lowered their price objective 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $114.31.

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.