Brown Advisory Inc. Raises Stake in Apollo Global Management, Inc. (NYSE:APO)

Brown Advisory Inc. raised its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 391,594 shares of the financial services provider's stock after purchasing an additional 1,982 shares during the quarter. Brown Advisory Inc. owned 0.07% of Apollo Global Management worth $64,676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APO. Geode Capital Management LLC increased its holdings in Apollo Global Management by 64.6% during the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock valued at $1,550,316,000 after buying an additional 3,695,979 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Apollo Global Management by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock worth $7,454,560,000 after purchasing an additional 3,691,700 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Apollo Global Management by 245.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock worth $438,196,000 after purchasing an additional 1,886,146 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Apollo Global Management by 36.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock worth $1,065,615,000 after purchasing an additional 1,739,807 shares during the period. Finally, Northern Trust Corp lifted its position in Apollo Global Management by 50.0% during the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock valued at $723,853,000 after purchasing an additional 1,460,689 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the sale, the chief financial officer now directly owns 373,164 shares in the company, valued at approximately $49,470,351.48. This trade represents a 1.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 509,000 shares of company stock valued at $72,321,680 over the last 90 days. Insiders own 8.50% of the company's stock.

Apollo Global Management Stock Up 2.9 %

NYSE APO traded up $3.81 during midday trading on Thursday, hitting $133.15. 4,447,969 shares of the company traded hands, compared to its average volume of 3,869,903. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The company's 50-day simple moving average is $132.15 and its 200-day simple moving average is $152.64. The company has a market cap of $75.96 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

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

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors 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 1.53%. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is 35.73%.

Wall Street Analysts Forecast Growth

APO has been the topic of several recent research reports. Morgan Stanley decreased their price objective on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. TD Cowen decreased their target price on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company reduced their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Cowen reissued a "buy" rating on shares of Apollo Global Management in a report on Monday. Finally, Citigroup dropped their price target on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $155.85.

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.