Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Deutsche Bank AG

Deutsche Bank AG grew its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,192,568 shares of the financial services provider's stock after buying an additional 21,805 shares during the period. Deutsche Bank AG owned approximately 0.21% of Apollo Global Management worth $196,965,000 at the end of the most recent quarter.

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

Apollo Global Management Price Performance

APO stock traded up $1.78 during trading on Tuesday, reaching $145.23. The company's stock had a trading volume of 3,897,998 shares, compared to its average volume of 3,899,696. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company's fifty day moving average is $131.87 and its 200-day moving average is $152.59. The company has a market capitalization of $82.85 billion, a P/E 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 1 year low of $95.11 and a 1 year high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last posted 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 business had revenue of $5.55 billion during 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 firm's revenue for the quarter was down 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 earnings per share. On average, research analysts expect that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared 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. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.40%. Apollo Global Management's dividend payout ratio (DPR) is presently 35.73%.

Insider Buying and Selling

In other news, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. This trade represents a 4,331.92% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the completion of the sale, the chief financial officer now owns 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their position. 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. Corporate insiders own 8.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on APO shares. Bank of America boosted their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Piper Sandler decreased their price objective on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Wells Fargo & Company dropped their target price on Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Barclays raised their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Citigroup reduced their price objective on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Apollo Global Management 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.