Apollo Global Management Inc. $APO Shares Bought by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its position in Apollo Global Management by 15.8%, reaching a total of 28,749 shares valued at approximately $3.9 million.
• Apollo Global Management reported $1.92 EPS for the quarter, exceeding analysts' estimates by $0.08, with revenues of $6.55 billion.
• The company declared a $0.51 quarterly dividend to be paid on August 29th, translating to an annualized yield of 1.5% and a payout ratio of 38.13%.

OMERS ADMINISTRATION Corp increased its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 15.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,749 shares of the financial services provider's stock after purchasing an additional 3,932 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Apollo Global Management were worth $3,937,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APO. Vanguard Group Inc. grew its position 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 worth $6,303,186,000 after buying an additional 893,428 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of 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 acquiring an additional 706,181 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Apollo Global Management by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,013,298 shares of the financial services provider's stock worth $412,641,000 after acquiring an additional 112,736 shares in the last quarter. Boston Partners acquired a new stake in shares of Apollo Global Management in the 1st quarter worth approximately $370,543,000. Finally, Allen Investment Management LLC grew its holdings in shares of Apollo Global Management by 14.4% in the 1st quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider's stock worth $361,664,000 after acquiring an additional 333,428 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Buying and Selling

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction on 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. This represents a 5.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Martin Kelly sold 15,500 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the sale, the chief financial officer owned 332,399 shares in the company, valued at $48,234,418.89. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on APO shares. Wells Fargo & Company lifted their price objective on Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Barclays raised their price target on Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Piper Sandler dropped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $164.56.

Apollo Global Management Price Performance

Shares of APO traded up $0.13 during trading hours on Monday, reaching $136.52. 4,975,863 shares of the company traded hands, compared to its average volume of 3,446,188. The stock has a market capitalization of $78.09 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.47 and a beta of 1.69. The stock has a fifty day simple moving average of $143.11 and a 200 day simple moving average of $138.29. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share 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 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 previous year, the company posted $1.64 EPS. As a group, research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid 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 dividend yield of 1.5%. Apollo Global Management's dividend payout ratio 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.