Compagnie Lombard Odier SCmA Acquires 2,200 Shares of Apollo Global Management, Inc. (NYSE:APO)

Compagnie Lombard Odier SCmA raised its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 785.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,480 shares of the financial services provider's stock after purchasing an additional 2,200 shares during the quarter. Compagnie Lombard Odier SCmA's holdings in Apollo Global Management were worth $340,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Ellevest Inc. grew its holdings in Apollo Global Management by 1.5% during the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after buying an additional 67 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Apollo Global Management by 2.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock worth $447,000 after acquiring an additional 71 shares in the last quarter. Vivaldi Capital Management LP grew its position in Apollo Global Management by 2.1% in the 4th quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock worth $566,000 after purchasing an additional 71 shares in the last quarter. Tower Wealth Partners Inc. grew its position in Apollo Global Management by 4.4% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock worth $288,000 after purchasing an additional 74 shares in the last quarter. Finally, Colonial Trust Co SC grew its position in Apollo Global Management by 29.2% in the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock worth $58,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on APO. Citigroup reduced their target price on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Raymond James began coverage on Apollo Global Management in a research note on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective for the company. TD Cowen reduced their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Piper Sandler reduced their price target on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Morgan Stanley reduced 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 report on Monday, April 14th. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $159.00.

Apollo Global Management Price Performance

Shares of APO stock traded up $1.93 during trading hours on Monday, reaching $134.04. The stock had a trading volume of 2,168,719 shares, compared to its average volume of 3,942,412. The stock's fifty day simple moving average is $132.80 and its 200 day simple moving average is $148.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The firm has a market capitalization of $76.60 billion, a PE ratio of 18.34, a PEG ratio of 1.17 and a beta of 1.59.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). The firm had revenue of $5.55 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 earnings per share. On average, equities research analysts predict that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.51 per share. The ex-dividend date was Friday, May 16th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.52%. Apollo Global Management's payout ratio is presently 35.73%.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the sale, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. The trade was a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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. The trade was a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.20% of the stock is currently owned by company insiders.

Apollo Global Management Company 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.