Apollo Global Management Inc. (NYSE:APO) Stock Position Lifted by Amalgamated Bank

Amalgamated Bank raised its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 2.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 97,601 shares of the financial services provider's stock after acquiring an additional 2,077 shares during the period. Amalgamated Bank's holdings in Apollo Global Management were worth $13,365,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new stake in Apollo Global Management during the fourth quarter valued at about $25,000. ORG Partners LLC grew its holdings in shares of Apollo Global Management by 285.0% during the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock worth $32,000 after purchasing an additional 171 shares during the period. Hopwood Financial Services Inc. acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management in the fourth quarter valued at approximately $34,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in Apollo Global Management during the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Lb 2018 Gst Trust acquired 607,725 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the transaction, the insider directly owned 621,754 shares in the company, valued at approximately $69,257,178.06. This represents a 4,331.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin Kelly sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the sale, the chief financial officer directly owned 373,164 shares in the company, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

Apollo Global Management Stock Up 0.3%

Shares of Apollo Global Management stock traded up $0.47 during trading on Wednesday, reaching $142.10. The company had a trading volume of 397,813 shares, compared to its average volume of 3,918,118. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 1.36. Apollo Global Management Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The firm's fifty day moving average is $135.35 and its 200-day moving average is $145.40. The company has a market cap of $81.21 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 1.46 and a beta of 1.59.

Apollo Global Management (NYSE:APO - Get Free Report) last released its 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). Apollo Global Management had a return on equity of 13.45% and a net margin of 14.59%. The firm had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same period in the prior year, the business earned $1.72 EPS. The company's quarterly revenue was down 21.2% on a year-over-year basis. On average, analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is currently 35.73%.

Analyst Ratings Changes

APO has been the topic of a number of research reports. UBS Group cut their target price on shares of 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. TD Cowen cut their price objective on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Piper Sandler decreased their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Cowen reissued a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Finally, Barclays upped their price target on Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of "Moderate Buy" and a consensus price target of $159.00.

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.