ASR Vermogensbeheer N.V. Makes New $4.75 Million Investment in Apollo Global Management Inc. (NYSE:APO)

Key Points

• ASR Vermogensbeheer N.V. has made a new investment of approximately $4.75 million in Apollo Global Management, acquiring 34,653 shares during the first quarter.
• Several institutional investors, including Vanguard Group and Goldman Sachs, have also increased their holdings in Apollo Global Management, indicating strong institutional confidence.
• Apollo Global Management recently announced a quarterly dividend of $0.51 per share, reflecting an annualized dividend yield of 1.4%.

ASR Vermogensbeheer N.V. bought a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,653 shares of the financial services provider's stock, valued at approximately $4,745,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Apollo Global Management by 2.0% during the first quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider's stock worth $6,303,186,000 after purchasing an additional 893,428 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 period. Northern Trust Corp raised its holdings in shares of Apollo Global Management by 50.0% during the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock worth $723,853,000 after purchasing an additional 1,460,689 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Apollo Global Management by 24.6% during the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock worth $490,482,000 after purchasing an additional 706,181 shares during the period. Finally, Allen Investment Management LLC raised its holdings in shares of Apollo Global Management by 14.4% during the first quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider's stock worth $361,664,000 after purchasing an additional 333,428 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In other news, insider Whitney Chatterjee sold 4,500 shares of the firm's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the transaction, the insider owned 83,192 shares in the company, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 8.20% of the company's stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $141.37 on Friday. Apollo Global Management Inc. has a twelve month low of $102.14 and a twelve month high of $189.49. The company has a current ratio of 1.27, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $141.59 and a 200-day moving average of $141.78. The firm has a market cap of $80.79 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 1.64 and a beta of 1.62.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.23%. The company had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $1.64 EPS. Analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be given a dividend of $0.51 per share. The ex-dividend date is Monday, August 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. Apollo Global Management's dividend payout ratio (DPR) is 35.73%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APO. Morgan Stanley dropped 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 report on Monday, April 14th. Citigroup increased their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Barclays increased their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Finally, Raymond James Financial began coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of "Moderate Buy" and an average price target of $161.26.

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.

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