Siemens Fonds Invest GmbH Has $2.50 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Siemens Fonds Invest GmbH lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 251.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,150 shares of the financial services provider's stock after acquiring an additional 10,843 shares during the period. Siemens Fonds Invest GmbH's holdings in Apollo Global Management were worth $2,502,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in APO. Flagship Harbor Advisors LLC boosted its stake in shares of Apollo Global Management by 6.3% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,035 shares of the financial services provider's stock valued at $336,000 after acquiring an additional 120 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in Apollo Global Management by 98.6% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 5,421 shares of the financial services provider's stock worth $895,000 after buying an additional 2,691 shares during the period. Blue Trust Inc. lifted its position in Apollo Global Management by 29.6% during the fourth quarter. Blue Trust Inc. now owns 4,156 shares of the financial services provider's stock worth $686,000 after buying an additional 948 shares during the period. Capital Asset Advisory Services LLC purchased a new position in Apollo Global Management during the fourth quarter worth about $205,000. Finally, Union Bancaire Privee UBP SA purchased a new position in Apollo Global Management during the fourth quarter worth about $216,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APO. UBS Group reduced their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Citigroup reduced their target price on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Raymond James began coverage on Apollo Global Management in a research report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 target price on the stock. Morgan Stanley reduced their price objective on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, TD Cowen dropped their target price on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. One research 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. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of "Moderate Buy" and an average price target of $159.00.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total transaction of $530,280.00. Following the sale, the chief financial officer now directly owns 373,164 shares of the company's stock, valued at $49,470,351.48. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by insiders.

Apollo Global Management Stock Performance

NYSE:APO traded down $1.10 during midday trading on Friday, reaching $130.60. 5,087,238 shares of the company traded hands, compared to its average volume of 3,953,414. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The firm has a market capitalization of $74.64 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The company has a fifty day moving average price of $131.52 and a 200 day moving average price of $150.88.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. During the same quarter in the prior year, the firm earned $1.72 EPS. The company's revenue for the quarter was down 21.2% compared to the same quarter last year. On average, analysts expect that Apollo Global Management, Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is 35.73%.

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.