Apollo Global Management, Inc. (NYSE:APO) Stock Holdings Raised by Cercano Management LLC

Cercano Management LLC grew its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 13,091.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 297,985 shares of the financial services provider's stock after purchasing an additional 295,726 shares during the quarter. Apollo Global Management makes up 1.3% of Cercano Management LLC's portfolio, making the stock its 24th biggest position. Cercano Management LLC owned 0.05% of Apollo Global Management worth $49,215,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of APO. Hopwood Financial Services Inc. purchased a new position in shares of Apollo Global Management in the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $34,000. Byrne Asset Management LLC purchased a new position in Apollo Global Management in the fourth quarter worth $37,000. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth $39,000. Finally, HM Payson & Co. purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group reduced their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Raymond James started coverage on shares of Apollo Global Management in a research report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective for the company. Keefe, Bruyette & Woods dropped their target price on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Barclays raised their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Bank of America boosted their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 4th. One investment 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $155.85.

Apollo Global Management Trading Down 0.5 %

Shares of APO stock traded down $0.70 during mid-day trading on Friday, reaching $132.49. The company's stock had a trading volume of 2,734,832 shares, compared to its average volume of 3,870,494. The company's 50 day simple moving average is $131.82 and its 200-day simple moving average is $152.48. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The firm has a market capitalization of $75.58 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67.

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 EPS 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 EPS. On average, research analysts predict that Apollo Global Management, Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.54%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is currently 35.73%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Lb 2018 Gst Trust purchased 607,725 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the purchase, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. The trade was 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 stock in a transaction dated Thursday, February 13th. The shares were 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 $59,697,517.92. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 509,000 shares of company stock valued at $72,321,680. Corporate insiders own 8.50% of the company's stock.

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.