111 Capital Takes $344,000 Position in Apollo Global Management, Inc. (NYSE:APO)

111 Capital acquired a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,082 shares of the financial services provider's stock, valued at approximately $344,000.

Several other hedge funds have also recently bought and sold shares of APO. Kestra Private Wealth Services LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $3,994,000. Fortress Financial Solutions LLC bought a new stake in Apollo Global Management during the fourth quarter worth $685,000. Leavell Investment Management Inc. boosted its holdings in shares of Apollo Global Management by 39.8% in the 4th quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider's stock valued at $1,016,000 after purchasing an additional 1,750 shares in the last quarter. Amundi increased its stake in shares of Apollo Global Management by 13.2% in the 4th quarter. Amundi now owns 801,260 shares of the financial services provider's stock valued at $129,788,000 after purchasing an additional 93,451 shares during the last quarter. Finally, State of Michigan Retirement System acquired a new position in shares of Apollo Global Management during the 4th quarter worth $20,034,000. 77.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 4,000 shares of Apollo Global Management 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 sale, the chief financial officer now directly owns 373,164 shares in the company, valued at $49,470,351.48. The trade was a 1.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on APO shares. Keefe, Bruyette & Woods reduced their price objective on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Cowen reissued a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. UBS Group cut 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. Morgan Stanley lowered their target price on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Piper Sandler dropped their price target on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $159.00.

Apollo Global Management Price Performance

NYSE APO traded down $0.46 on Monday, hitting $130.23. The stock had a trading volume of 1,635,314 shares, compared to its average volume of 3,944,225. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a market capitalization of $74.42 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The firm has a 50-day moving average of $131.52 and a 200-day moving average of $150.88.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share 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 analysts' expectations of $977.14 million. During the same period in the previous year, the business earned $1.72 EPS. The business's revenue was down 21.2% on a year-over-year basis. Equities analysts expect that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, May 16th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is currently 35.73%.

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.