IFM Investors Pty Ltd Has $11.39 Million Stock Holdings in Apollo Global Management Inc. $APO

Key Points

• IFM Investors Pty Ltd increased its stake in Apollo Global Management by 4.5%, owning 80,266 shares valued at approximately $11.4 million.
• Insider Leon D. Black sold 915,000 shares of Apollo Global Management for about $122.6 million, representing a 16.82% decrease in his holdings.
• Apollo Global Management reported $1.92 EPS for the last quarter, beating analysts’ estimates and demonstrating a year-over-year increase from $1.64 EPS.

IFM Investors Pty Ltd boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 4.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 80,266 shares of the financial services provider's stock after acquiring an additional 3,434 shares during the period. IFM Investors Pty Ltd's holdings in Apollo Global Management were worth $11,387,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vident Advisory LLC grew its position in shares of Apollo Global Management by 2.6% during the 4th quarter. Vident Advisory LLC now owns 9,026 shares of the financial services provider's stock worth $1,491,000 after buying an additional 230 shares during the period. Woodline Partners LP acquired a new position in shares of Apollo Global Management during the 4th quarter worth about $4,434,000. Waverly Advisors LLC acquired a new position in Apollo Global Management during the fourth quarter valued at approximately $270,000. Focus Partners Advisor Solutions LLC acquired a new position in Apollo Global Management during the fourth quarter valued at approximately $371,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Apollo Global Management by 14.9% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 76,345 shares of the financial services provider's stock valued at $12,609,000 after purchasing an additional 9,882 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the sale, the insider owned 4,526,000 shares in the company, valued at $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Martin Kelly sold 15,500 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the sale, the chief financial officer owned 332,399 shares of the company's stock, valued at approximately $48,234,418.89. This represents a 4.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 935,000 shares of company stock valued at $125,543,790. 8.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on APO. Evercore ISI boosted their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Citigroup boosted their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Barclays boosted 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. Wall Street Zen raised Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Wells Fargo & Company boosted their price objective on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of "Moderate Buy" and an average target price of $164.56.

Apollo Global Management Stock Down 0.6%

Shares of APO stock traded down $0.91 on Monday, hitting $143.84. 1,759,235 shares of the stock were exchanged, compared to its average volume of 3,583,520. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $82.28 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 1.56 and a beta of 1.69. The business has a 50-day moving average of $141.42 and a 200 day moving average of $136.92. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The firm had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. Equities analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

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

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.