Apollo Global Management, Inc. (NYSE:APO) Position Increased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 1.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,735,797 shares of the financial services provider's stock after buying an additional 27,418 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.31% of Apollo Global Management worth $286,684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ethic Inc. boosted its stake in shares of Apollo Global Management by 6.6% during the fourth quarter. Ethic Inc. now owns 43,094 shares of the financial services provider's stock valued at $7,117,000 after acquiring an additional 2,660 shares during the last quarter. Fairview Capital Investment Management LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $257,000. Fiduciary Trust Co acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $246,000. FORA Capital LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $14,968,000. Finally, Clark Capital Management Group Inc. raised its position in shares of Apollo Global Management by 19.8% in the fourth quarter. Clark Capital Management Group Inc. now owns 26,212 shares of the financial services provider's stock valued at $4,329,000 after buying an additional 4,339 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Stock Down 0.5%

NYSE APO traded down $0.70 on Friday, hitting $132.49. 2,734,832 shares of the stock traded hands, compared to its average volume of 3,880,967. The stock has a 50-day moving average of $131.82 and a 200 day moving average of $152.59. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a market capitalization of $75.58 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

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 the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same period last year, the firm posted $1.72 earnings per share. The company's quarterly revenue was down 21.2% on a year-over-year basis. As a group, analysts expect that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.51 dividend. The ex-dividend date is Friday, May 16th. This is a positive change 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 currently 35.73%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on APO. 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 research report on Friday, April 4th. Wells Fargo & Company decreased their price target on 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. Citigroup decreased their price target on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays upped their price objective on Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Cowen restated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $157.89.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares in the company, valued at $59,697,517.92. This represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the business's stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $111.39 per share, with a total value of $67,694,487.75. Following 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 disclosure for this purchase can be found here. Over the last three months, insiders sold 509,000 shares of company stock worth $72,321,680. Company insiders own 8.20% 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.