Maestria Partners LLC Raises Stock Position in Apollo Global Management Inc. (NYSE:APO)

Maestria Partners LLC increased its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 11.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,952 shares of the financial services provider's stock after acquiring an additional 20,000 shares during the period. Apollo Global Management comprises about 11.0% of Maestria Partners LLC's portfolio, making the stock its 2nd largest position. Maestria Partners LLC's holdings in Apollo Global Management were worth $26,012,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fourth Dimension Wealth LLC bought a new stake in shares of Apollo Global Management during the 4th quarter worth about $25,000. GW&K Investment Management LLC raised its stake in Apollo Global Management by 84.5% in the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock worth $26,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC raised its stake in Apollo Global Management by 285.0% in 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 in the last quarter. Farmers & Merchants Investments Inc. acquired a new stake in Apollo Global Management in the 1st quarter worth about $39,000. Finally, Cullen Frost Bankers Inc. raised its stake in Apollo Global Management by 36.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 408 shares of the financial services provider's stock worth $56,000 after purchasing an additional 108 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the sale, the chief financial officer directly owned 373,164 shares of the company's stock, valued at $49,470,351.48. The trade was a 1.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.20% of the stock is owned by insiders.

Apollo Global Management Price Performance

APO stock traded down $0.01 during trading on Thursday, reaching $151.84. 1,998,551 shares of the company were exchanged, compared to its average volume of 3,651,217. The company has a 50-day moving average of $139.16 and a two-hundred day moving average of $143.00. The company has a market capitalization of $86.78 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 1.69 and a beta of 1.59. Apollo Global Management Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share 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 business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same period in the previous year, the firm earned $1.72 earnings per share. The company's revenue was down 21.2% compared to the same quarter last year. As a group, equities analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.34%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 16th. Apollo Global Management's payout ratio is presently 35.73%.

Wall Street Analysts Forecast Growth

APO has been the subject of several analyst reports. TD Cowen dropped their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Bank of America lifted their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Citigroup lifted their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Finally, Piper Sandler dropped their price objective on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $161.00.

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.