Dohj LLC Takes $452,000 Position in Apollo Global Management Inc. $APO

Key Points

• Dohj LLC has taken a new position in Apollo Global Management Inc., acquiring 3,185 shares valued at approximately $452,000 in the 2nd quarter.
• Several large investors have also increased their stakes in Apollo Global Management, including Vanguard Group Inc. and Goldman Sachs Group Inc., with institutional ownership reaching 77.06%.
• Analysts have mixed views on the stock, with a consensus rating of "Moderate Buy" and an average price target of $164.07.

Dohj LLC acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,185 shares of the financial services provider's stock, valued at approximately $452,000.

Several other large investors have also recently added to or reduced their stakes in APO. Vanguard Group Inc. increased 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 valued at $6,303,186,000 after purchasing an additional 893,428 shares during the period. Goldman Sachs Group Inc. increased its stake in Apollo Global Management by 24.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock valued at $490,482,000 after buying an additional 706,181 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Apollo Global Management by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,013,298 shares of the financial services provider's stock worth $412,641,000 after buying an additional 112,736 shares in the last quarter. Boston Partners acquired a new stake in shares of Apollo Global Management in the 1st quarter worth approximately $370,543,000. Finally, Allen Investment Management LLC boosted its holdings in shares of Apollo Global Management by 14.4% in the first quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider's stock valued at $361,664,000 after acquiring an additional 333,428 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on APO shares. BMO Capital Markets assumed coverage on Apollo Global Management in a report on Friday, October 3rd. They set a "market perform" rating and a $132.00 target price on the stock. Barclays boosted their price objective on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Wells Fargo & Company upped their price objective on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Wall Street Zen lowered Apollo Global Management from a "hold" rating to a "sell" rating in a report on Friday, October 3rd. Finally, Evercore ISI upped their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $164.07.

Insider Activity

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the business's 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 sale, the insider directly owned 83,192 shares of the company's stock, valued at $12,148,527.76. The trade was a 5.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leon D. Black sold 915,000 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the sale, the insider owned 4,526,000 shares of the company's stock, valued at $606,619,780. The trade was a 16.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 935,000 shares of company stock worth $125,543,790 over the last 90 days. 8.50% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $125.91 on Wednesday. The stock's fifty day simple moving average is $137.46 and its 200 day simple moving average is $136.74. The stock has a market capitalization of $72.02 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.36 and a beta of 1.68. 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 52-week low of $102.58 and a 52-week high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.08. The business had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.During the same quarter last year, the company posted $1.64 EPS. As a group, sell-side analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 18th. Apollo Global Management's dividend payout ratio (DPR) 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.

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