Crossmark Global Holdings Inc. Raises Stake in Apollo Global Management Inc. (NYSE:APO)

Crossmark Global Holdings Inc. grew its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 46.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,593 shares of the financial services provider's stock after purchasing an additional 1,773 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Apollo Global Management were worth $766,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in APO. Fourth Dimension Wealth LLC bought a new stake in Apollo Global Management in the fourth quarter valued at approximately $25,000. ORG Partners LLC boosted its holdings 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 worth $32,000 after acquiring an additional 171 shares in the last quarter. Farmers & Merchants Investments Inc. bought a new position in shares of Apollo Global Management during the first quarter valued at $39,000. Colonial Trust Co SC lifted its holdings in shares of Apollo Global Management by 29.2% during the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 79 shares in the last quarter. Finally, Elequin Capital LP purchased a new stake in Apollo Global Management during the fourth quarter valued at $58,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

NYSE:APO traded down $2.65 during midday trading on Tuesday, hitting $145.89. The company had a trading volume of 1,581,927 shares, compared to its average volume of 3,938,162. Apollo Global Management Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The stock's fifty day moving average price is $137.02 and its 200-day moving average price is $143.64. The company has a market capitalization of $83.37 billion, a PE ratio of 25.55, a P/E/G ratio of 1.61 and a beta of 1.59. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.34.

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

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.51 dividend. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, May 16th. Apollo Global Management's dividend payout ratio (DPR) is presently 35.73%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction dated 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 owned 373,164 shares in the company, valued at approximately $49,470,351.48. The trade was a 1.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APO. Evercore ISI increased their price target on Apollo Global Management from $150.00 to $155.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Citigroup raised their price objective on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Bank of America lifted their price target on Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 4th. Finally, TD Cowen lowered their price target on 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. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $161.00.

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.