DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Makes New Investment in Apollo Global Management, Inc. (NYSE:APO)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 38,129 shares of the financial services provider's stock, valued at approximately $6,297,000.

A number of other large investors also recently modified their holdings of APO. SRS Capital Advisors Inc. increased its holdings in shares of Apollo Global Management by 2.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock worth $447,000 after buying an additional 71 shares during the last quarter. Tower Wealth Partners Inc. increased its holdings in shares of Apollo Global Management by 4.4% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock worth $288,000 after buying an additional 74 shares during the period. Colonial Trust Co SC boosted its holdings in Apollo Global Management by 29.2% during the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 79 shares during the period. Global Retirement Partners LLC lifted its position in Apollo Global Management by 0.9% in the fourth quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock valued at $1,639,000 after purchasing an additional 90 shares during the last quarter. Finally, Westmount Partners LLC increased its stake in shares of Apollo Global Management by 1.8% in the fourth quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider's stock worth $841,000 after buying an additional 91 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Lb 2018 Gst Trust purchased 607,725 shares of Apollo Global Management stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the acquisition, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. This trade represents a 4,331.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now directly owns 377,164 shares of the company's stock, valued at approximately $59,697,517.92. The trade was a 1.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 509,000 shares of company stock worth $72,321,680. Company insiders own 8.20% of the company's stock.

Apollo Global Management Trading Up 1.2%

Shares of APO stock traded up $1.78 during trading hours on Tuesday, reaching $145.23. 3,897,998 shares of the stock were exchanged, compared to its average volume of 3,899,696. The firm has a market capitalization of $82.85 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company's 50-day moving average price is $131.87 and its 200-day moving average price is $152.59. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same period in the prior year, the business posted $1.72 earnings per share. Apollo Global Management's revenue was down 21.2% on a year-over-year basis. As a group, equities analysts anticipate that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is currently 35.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Piper Sandler reduced their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Morgan Stanley dropped their target price on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Cowen restated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Wells Fargo & Company lowered their target price on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Bank of America raised their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $157.89.

Apollo Global Management Company 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.