Apollo Global Management Inc. (NYSE:APO) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,833 shares of the financial services provider's stock after selling 3,467 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Apollo Global Management were worth $10,523,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Apollo Global Management by 64.6% during the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock valued at $1,550,316,000 after acquiring an additional 3,695,979 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Apollo Global Management by 8.9% in the fourth quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock worth $7,454,560,000 after acquiring an additional 3,691,700 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Apollo Global Management by 245.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock worth $438,196,000 after acquiring an additional 1,886,146 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Apollo Global Management by 36.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock worth $1,065,615,000 after purchasing an additional 1,739,807 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Apollo Global Management by 50.0% during the 4th quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock valued at $723,853,000 after buying an additional 1,460,689 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on APO. Raymond James Financial initiated coverage on shares of Apollo Global Management in a research note on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 target price for the company. Cowen reissued a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Barclays raised their target price on Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. UBS Group dropped their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Citigroup dropped their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $159.00.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Lb 2018 Gst Trust bought 607,725 shares of the company's stock in a transaction on Friday, April 4th. The shares were bought at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the transaction, the insider owned 621,754 shares of the company's stock, valued at approximately $69,257,178.06. This trade represents a 4,331.92% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin Kelly sold 4,000 shares of the firm'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 value of $530,280.00. Following the completion of the sale, the chief financial officer directly owned 373,164 shares of the company's stock, valued at $49,470,351.48. This represents a 1.06% 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 corporate insiders.

Apollo Global Management Stock Up 0.8%

Shares of NYSE:APO traded up $1.20 during trading on Wednesday, hitting $142.83. 2,124,372 shares of the company were exchanged, compared to its average volume of 3,930,700. The firm's 50 day moving average price is $135.35 and its 200-day moving average price is $145.40. Apollo Global Management Inc. has a 12-month low of $95.11 and a 12-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. The stock has a market capitalization of $81.63 billion, a P/E ratio of 25.01, a PEG ratio of 1.46 and a beta of 1.59.

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 the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The company had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same quarter in the prior year, the company earned $1.72 EPS. The business's revenue was down 21.2% on a year-over-year basis. On average, research analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.51 dividend. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Friday, May 16th. Apollo Global Management's dividend payout ratio is presently 35.73%.

About Apollo Global Management

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.