Bensler LLC bought a new stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,849 shares of the financial services provider's stock, valued at approximately $2,581,000.
Other institutional investors also recently bought and sold shares of the company. Smithbridge Asset Management Inc. DE purchased a new position in shares of Apollo Global Management in the first quarter valued at approximately $13,896,000. RMR Wealth Builders purchased a new position in Apollo Global Management in the 1st quarter valued at approximately $273,000. Compagnie Lombard Odier SCmA boosted its position in Apollo Global Management by 785.7% in the 1st quarter. Compagnie Lombard Odier SCmA now owns 2,480 shares of the financial services provider's stock valued at $340,000 after buying an additional 2,200 shares during the period. Union Bancaire Privee UBP SA grew its stake in shares of Apollo Global Management by 19.6% in the first quarter. Union Bancaire Privee UBP SA now owns 1,710 shares of the financial services provider's stock worth $234,000 after acquiring an additional 280 shares in the last quarter. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Apollo Global Management during the first quarter worth $3,573,000. 77.06% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Apollo Global Management
In related news, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the acquisition, the insider now directly owns 621,754 shares in the company, valued at $69,257,178.06. This 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 company'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 sale, the chief financial officer now directly owns 373,164 shares of the company's stock, valued at approximately $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. Insiders own 8.50% of the company's stock.
Apollo Global Management Stock Performance
NYSE APO traded down $5.95 during trading hours on Friday, hitting $132.16. The company had a trading volume of 4,237,940 shares, compared to its average volume of 3,949,535. The business has a 50 day moving average of $132.32 and a 200-day moving average of $148.57. The company has a market cap of $75.53 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.17 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. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.
Apollo Global Management (NYSE:APO - Get Free Report) last announced its earnings results 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). The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The firm's revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period last year, the company earned $1.72 earnings per share. As a group, equities research analysts expect that Apollo Global Management, Inc. will post 8 EPS for the current 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 1.54%. The ex-dividend date of this dividend was Friday, May 16th. Apollo Global Management's dividend payout ratio is presently 35.73%.
Analyst Ratings Changes
A number of research firms recently issued reports on APO. Piper Sandler decreased their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Bank of America lifted their price objective on Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Cowen restated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Morgan Stanley decreased their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Finally, Barclays increased their price objective on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Apollo Global Management has an average rating of "Moderate Buy" and a consensus target price of $159.00.
Check Out Our Latest Analysis on Apollo Global Management
Apollo Global Management Profile
(
Free Report)
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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