BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $12.61 Million Position in Apollo Global Management, Inc. (NYSE:APO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,345 shares of the financial services provider's stock after buying an additional 9,882 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Apollo Global Management were worth $12,609,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of APO. Hopwood Financial Services Inc. purchased a new position in shares of Apollo Global Management in the 4th quarter worth $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $34,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth about $37,000. HM Payson & Co. acquired a new position in Apollo Global Management in the fourth quarter worth about $45,000. Finally, UMB Bank n.a. increased its holdings in Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after buying an additional 228 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Stock Down 0.6%

Shares of APO traded down $0.84 during trading hours on Wednesday, reaching $132.33. The company's stock had a trading volume of 865,615 shares, compared to its average volume of 3,933,953. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market cap of $75.62 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.17 and a beta of 1.67. The company has a 50 day moving average of $132.44 and a two-hundred day moving average of $151.68. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly 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). The company had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The company's revenue was down 21.2% compared to the same quarter last year. During the same period last year, the company posted $1.72 earnings per share. As a group, research analysts predict that Apollo Global Management, Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.54%. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management's dividend payout ratio is presently 35.73%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the sale, the chief financial officer now owns 373,164 shares in the company, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of 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 position. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. TD Cowen cut their target price on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Piper Sandler lowered their price objective on 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. Barclays raised their target price on Apollo Global Management from $145.00 to $156.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Citigroup lowered their price target on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley cut their price objective on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $159.00.

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.