Axa S.A. Raises Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

AXA S.A. lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 252.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,981 shares of the financial services provider's stock after acquiring an additional 27,910 shares during the quarter. AXA S.A.'s holdings in Apollo Global Management were worth $6,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Absolute Gestao de Investimentos Ltda. acquired a new stake in Apollo Global Management during the fourth quarter worth approximately $578,000. Palestra Capital Management LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $117,669,000. Westbourne Investments Inc. bought a new stake in shares of Apollo Global Management in the 4th quarter valued at $429,000. Rehmann Capital Advisory Group lifted its position in shares of Apollo Global Management by 2.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 17,735 shares of the financial services provider's stock valued at $2,929,000 after acquiring an additional 486 shares during the period. Finally, Utah Retirement Systems boosted its stake in Apollo Global Management by 0.5% during the fourth quarter. Utah Retirement Systems now owns 86,590 shares of the financial services provider's stock worth $14,301,000 after acquiring an additional 400 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Shares of NYSE:APO traded down $0.70 during mid-day trading on Friday, reaching $132.49. The company had a trading volume of 2,734,832 shares, compared to its average volume of 3,870,496. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company's 50-day moving average price is $131.82 and its 200-day moving average price is $152.48. The firm has a market cap 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 quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). The firm had revenue of $5.55 billion for the quarter, compared to analysts' expectations of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The firm's quarterly revenue was down 21.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.72 EPS. As a group, equities research analysts anticipate that Apollo Global Management, Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.51 dividend. The ex-dividend date is Friday, May 16th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.54%. Apollo Global Management's dividend payout ratio (DPR) is 35.73%.

Insider Activity at Apollo Global Management

In other news, insider Lb 2018 Gst Trust bought 607,725 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now directly owns 621,754 shares of the company's stock, valued at $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 509,000 shares of company stock worth $72,321,680. Corporate insiders own 8.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Piper Sandler reduced their price objective on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Bank of America boosted their price objective on Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 4th. Cowen reissued a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Finally, Barclays upped their price objective on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus 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.