Signaturefd LLC Boosts Position in Apollo Global Management, Inc. (NYSE:APO)

Signaturefd LLC boosted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 5.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 8,174 shares of the financial services provider’s stock after buying an additional 443 shares during the period. Signaturefd LLC’s holdings in Apollo Global Management were worth $762,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. CWM LLC increased its stake in shares of Apollo Global Management by 4.0% in the third quarter. CWM LLC now owns 5,558 shares of the financial services provider’s stock worth $499,000 after buying an additional 215 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of Apollo Global Management by 80.0% in the third quarter. AE Wealth Management LLC now owns 5,437 shares of the financial services provider’s stock worth $488,000 after buying an additional 2,416 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of Apollo Global Management in the third quarter worth $265,000. SG Americas Securities LLC increased its stake in shares of Apollo Global Management by 55.3% in the third quarter. SG Americas Securities LLC now owns 9,587 shares of the financial services provider’s stock worth $861,000 after buying an additional 3,415 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in shares of Apollo Global Management by 3.1% in the third quarter. DAVENPORT & Co LLC now owns 7,294 shares of the financial services provider’s stock worth $655,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 2.9 %

Shares of Apollo Global Management stock opened at $113.77 on Wednesday. The stock has a market capitalization of $64.64 billion, a P/E ratio of 13.53, a PEG ratio of 0.90 and a beta of 1.63. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $111.28 and a two-hundred day moving average price of $98.88. Apollo Global Management, Inc. has a 12-month low of $57.50 and a 12-month high of $117.15.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. Equities analysts expect that Apollo Global Management, Inc. will post 7.44 earnings per share for the current year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.45%.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the sale, the chief financial officer now directly owns 366,572 shares in the company, valued at approximately $39,989,339.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider James C. Zelter sold 150,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.16, for a total value 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 $158,782,826.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were 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 $39,989,339.48. 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 insiders.

Analyst Upgrades and Downgrades

APO has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Wells Fargo & Company lifted their price objective on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. JPMorgan Chase & Co. began coverage on shares of Apollo Global Management in a report on Wednesday, February 28th. They issued an “overweight” rating and a $122.00 price objective for the company. TD Cowen began coverage on shares of Apollo Global Management in a report on Thursday, January 4th. They issued an “outperform” rating and a $115.00 price objective for the company. Finally, Citigroup boosted their price target on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $113.25.

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.