Apollo Global Management Inc. (NYSE:APO) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 6.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 533,722 shares of the financial services provider's stock after acquiring an additional 33,934 shares during the period. Envestnet Asset Management Inc. owned 0.09% of Apollo Global Management worth $73,088,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. World Investment Advisors raised its holdings in Apollo Global Management by 1.3% in the 1st quarter. World Investment Advisors now owns 7,089 shares of the financial services provider's stock valued at $971,000 after acquiring an additional 93 shares during the last quarter. Strategic Blueprint LLC raised its holdings in Apollo Global Management by 3.9% in the 1st quarter. Strategic Blueprint LLC now owns 34,287 shares of the financial services provider's stock valued at $4,695,000 after acquiring an additional 1,283 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Apollo Global Management by 9.6% during the 1st quarter. IFM Investors Pty Ltd now owns 84,205 shares of the financial services provider's stock worth $10,518,000 after buying an additional 7,373 shares during the last quarter. Conning Inc. acquired a new stake in shares of Apollo Global Management during the 1st quarter worth $242,000. Finally, Goelzer Investment Management Inc. increased its holdings in shares of Apollo Global Management by 2.5% during the 1st quarter. Goelzer Investment Management Inc. now owns 35,138 shares of the financial services provider's stock worth $4,812,000 after buying an additional 851 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

NYSE:APO opened at $147.21 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a 50-day moving average of $137.02 and a two-hundred day moving average of $144.06. The stock has a market cap of $84.13 billion, a P/E ratio of 25.78, a PEG ratio of 1.62 and a beta of 1.59. 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 issued its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing the consensus estimate 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 company 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 business posted $1.72 EPS. The business's revenue for the quarter was down 21.2% on a year-over-year basis. On average, research analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.51 per share. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.39%. Apollo Global Management's dividend payout ratio (DPR) is presently 35.73%.

Insider Activity 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 dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total value of $530,280.00. Following the transaction, the chief financial officer owned 373,164 shares of the company's stock, valued at $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley dropped their price objective on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Citigroup upped their price objective on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday. Raymond James Financial assumed coverage on Apollo Global Management in a report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price objective for the company. Wells Fargo & Company upped 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. Finally, Evercore ISI increased their price target on Apollo Global Management from $150.00 to $155.00 and gave the company an "outperform" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.

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