15,311 Shares in Apollo Global Management Inc. (NYSE:APO) Acquired by True North Advisors LLC

Key Points

• True North Advisors LLC acquired 15,311 shares of Apollo Global Management Inc. valued at approximately $2.1 million in the first quarter of the year.
• Institutional investors and hedge funds now own 77.06% of Apollo Global Management's stock, highlighting significant institutional interest in the company.
• Apollo Global Management announced a quarterly dividend of $0.51 per share, reflecting an annualized yield of 1.4% and a payout ratio of 38.13%.

True North Advisors LLC bought a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,311 shares of the financial services provider's stock, valued at approximately $2,097,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Apollo Global Management by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider's stock worth $6,303,186,000 after purchasing an additional 893,428 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Apollo Global Management by 36.9% during 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 in the last quarter. Northern Trust Corp increased its position in Apollo Global Management by 50.0% during the 4th quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock worth $723,853,000 after purchasing an additional 1,460,689 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Apollo Global Management by 24.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock worth $490,482,000 after purchasing an additional 706,181 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Apollo Global Management by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,013,298 shares of the financial services provider's stock valued at $412,641,000 after acquiring an additional 112,736 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Price Performance

NYSE APO opened at $141.99 on Friday. The stock's 50-day moving average price is $141.82 and its two-hundred day moving average price is $141.59. The company has a current ratio of 1.27, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a market cap of $81.15 billion, a PE ratio of 26.54, a PEG ratio of 1.47 and a beta of 1.62. Apollo Global Management Inc. has a 1 year low of $102.42 and a 1 year high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. Apollo Global Management had a return on equity of 13.23% and a net margin of 13.25%. During the same quarter in the previous year, the company earned $1.64 EPS. On average, analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 18th. Apollo Global Management's payout ratio is 38.13%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider owned 83,192 shares of the company's stock, valued at $12,148,527.76. The trade was a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

APO has been the subject of several recent research reports. Morgan Stanley lowered their price objective on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Barclays increased their target price on Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. UBS Group reduced their price objective on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Piper Sandler decreased their price objective on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of "Moderate Buy" and a consensus target price of $161.26.

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.

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