Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. lifted its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 19.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,212 shares of the financial services provider's stock after acquiring an additional 4,339 shares during the quarter. Clark Capital Management Group Inc.'s holdings in Apollo Global Management were worth $4,329,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new stake in Apollo Global Management during the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the 4th quarter worth about $34,000. Byrne Asset Management LLC bought a new position in Apollo Global Management in the 4th quarter worth about $37,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management in the 4th quarter worth about $39,000. Finally, HM Payson & Co. bought a new position in Apollo Global Management in the 4th quarter worth about $45,000. Institutional investors own 77.06% of the company's stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now owns 34,604,773 shares of the company's stock, valued at approximately $4,913,877,766. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the business's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the acquisition, the insider now directly owns 621,754 shares of the company's stock, valued at $69,257,178.06. This represents a 4,331.92% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 509,000 shares of company stock valued at $72,321,680. Corporate insiders own 8.20% of the company's stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock traded down $0.70 during trading on Friday, hitting $132.49. 2,734,832 shares of the company's stock were exchanged, compared to its average volume of 3,880,967. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The business has a 50-day simple moving average of $131.82 and a 200-day simple moving average of $152.59. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The stock has a market capitalization of $75.58 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.17 and a beta of 1.67.

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

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.54%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 16th. Apollo Global Management's payout ratio is 35.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group dropped their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Wells Fargo & Company dropped their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler dropped their price objective on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Keefe, Bruyette & Woods dropped their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Bank of America increased their target price 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 analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Apollo Global Management presently has a consensus rating of "Moderate Buy" and an average target price of $157.89.

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.