Apollo Global Management Inc. $APO Shares Purchased by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its stake in Apollo Global Management by 16.6%, acquiring a total of 121,079 shares worth approximately $17.18 million, making it the 24th largest position in its portfolio.
• Institutional investors own 77.06% of Apollo Global Management's stock, with major contributions from Vanguard and Goldman Sachs, both of which ramped up their positions during the first quarter.
• Apollo Global Management recently announced a $0.51 quarterly dividend with a yield of 1.4%, paid to stockholders of record on August 18th, reflecting solid earnings performance.

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 16.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,079 shares of the financial services provider's stock after buying an additional 17,200 shares during the quarter. Apollo Global Management makes up approximately 0.8% of Livforsakringsbolaget Skandia Omsesidigt's investment portfolio, making the stock its 24th biggest holding. Livforsakringsbolaget Skandia Omsesidigt's holdings in Apollo Global Management were worth $17,176,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Apollo Global Management by 2.0% during the first quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider's stock valued at $6,303,186,000 after buying an additional 893,428 shares during the period. Goldman Sachs Group Inc. boosted its stake in Apollo Global Management by 24.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock valued at $490,482,000 after acquiring an additional 706,181 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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. Boston Partners acquired a new stake in Apollo Global Management in the first quarter valued at approximately $370,543,000. Finally, Allen Investment Management LLC boosted its stake in Apollo Global Management by 14.4% in the first quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider's stock valued at $361,664,000 after acquiring an additional 333,428 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 15,500 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 332,399 shares of the company's stock, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Whitney Chatterjee sold 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the transaction, the insider directly owned 83,192 shares of the company's stock, valued at $12,148,527.76. This represents a 5.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 935,000 shares of company stock valued at $125,543,790. Company insiders own 8.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup raised their target price on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Barclays raised their target price on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Evercore ISI raised their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Wells Fargo & Company raised their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $164.56.

Apollo Global Management Price Performance

Shares of APO stock traded up $3.32 on Tuesday, reaching $147.28. 930,855 shares of the company were exchanged, compared to its average volume of 3,575,354. The company has a market cap of $84.25 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 1.56 and a beta of 1.69. The business has a 50-day moving average price of $141.33 and a 200 day moving average price of $137.00. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $189.49.

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

Apollo Global Management Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management's dividend payout ratio (DPR) is presently 38.13%.

Apollo Global Management 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.