Caisse DE Depot ET Placement DU Quebec Increases Stock Position in Apollo Global Management Inc. $APO

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in Apollo Global Management by 6,941.9% in Q1, owning a total of 105,629 shares valued at approximately $14.47 million.
• Institutional investors currently own 77.06% of Apollo Global Management's stock, with firms like Vanguard and Goldman Sachs also increasing their share positions during the same period.
• Apollo Global Management reported a quarterly earnings per share of $1.92, surpassing estimates, and declared a quarterly dividend of $0.51 per share, representing an annual yield of 1.5%.

Caisse DE Depot ET Placement DU Quebec lifted its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 6,941.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,629 shares of the financial services provider's stock after buying an additional 104,129 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Apollo Global Management were worth $14,465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of APO. Fourth Dimension Wealth LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter worth about $25,000. GW&K Investment Management LLC raised its stake in Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC raised its stake in Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 171 shares in the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in Apollo Global Management in the first quarter valued at approximately $39,000. Finally, Meeder Asset Management Inc. raised its stake in Apollo Global Management by 118.6% in the first quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 172 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Citigroup raised their target price on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Piper Sandler lowered their target price on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Barclays raised their target price on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Apollo Global Management has an average rating of "Moderate Buy" and an average price target of $164.56.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the sale, the chief financial officer owned 332,399 shares in the company, valued at $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction on 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 sale, 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 disclosure for this sale can be found here. Insiders own 8.50% of the company's stock.

Apollo Global Management Trading Up 0.1%

Shares of Apollo Global Management stock traded up $0.13 on Monday, hitting $136.52. The stock had a trading volume of 4,975,863 shares, compared to its average volume of 3,446,188. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49. The stock has a market cap of $78.09 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 1.47 and a beta of 1.69. The stock's 50-day simple moving average is $143.11 and its two-hundred day simple moving average is $138.29.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping 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 13.38%. The firm had revenue of $6,550,000 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter last year, the business earned $1.64 earnings per share. As a group, sell-side analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.51 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.5%. Apollo Global Management's payout ratio is 38.13%.

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.