Partners Group Holding AG Purchases 41,757 Shares of Apollo Global Management Inc. $APO

Key Points

• Partners Group Holding AG increased its stake in Apollo Global Management by 7.5%, making it the firm's third largest position with approximately $82.3 million invested.
• Multiple institutional investors have also significantly raised their holdings in Apollo, leading to institutional ownership of 77.06% of the company's stock.
• Apollo Global Management reported $1.92 EPS in the last quarter, surpassing analyst forecasts, and has recently declared a quarterly dividend of $0.51 per share.

Partners Group Holding AG lifted its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 7.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 601,157 shares of the financial services provider's stock after buying an additional 41,757 shares during the quarter. Apollo Global Management makes up about 3.4% of Partners Group Holding AG's holdings, making the stock its 3rd largest position. Partners Group Holding AG owned about 0.11% of Apollo Global Management worth $82,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Apollo Global Management by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock worth $75,347,000 after buying an additional 7,441 shares during the last quarter. Clearview Wealth Advisors LLC raised its stake in shares of Apollo Global Management by 420.7% during the 1st quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider's stock worth $2,952,000 after buying an additional 17,418 shares during the last quarter. Toronto Dominion Bank raised its stake in Apollo Global Management by 209.0% in the 4th quarter. Toronto Dominion Bank now owns 162,659 shares of the financial services provider's stock valued at $26,864,000 after purchasing an additional 110,014 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Apollo Global Management in the 1st quarter valued at about $871,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in Apollo Global Management in the 1st quarter valued at about $492,000. 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 company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martin Kelly sold 15,500 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on APO. Wells Fargo & Company boosted 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. Cowen reissued a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. UBS Group cut their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Barclays boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $161.26.

Apollo Global Management Trading Down 1.6%

Shares of NYSE:APO traded down $2.2380 during trading on Tuesday, reaching $137.1520. 2,927,876 shares of the stock were exchanged, compared to its average volume of 3,149,272. 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 12-month low of $102.58 and a 12-month high of $189.49. The firm has a market cap of $78.46 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.45 and a beta of 1.62. The firm's 50-day moving average price is $143.01 and its 200 day moving average price is $139.96.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) 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 business had revenue of $6,550,000 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the business earned $1.64 EPS. On average, sell-side analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

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 given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 18th. Apollo Global Management's dividend payout ratio is presently 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.