Doliver Advisors LP Buys 1,969 Shares of Apollo Global Management, Inc. (NYSE:APO)

Doliver Advisors LP boosted its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 13.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,143 shares of the financial services provider's stock after buying an additional 1,969 shares during the quarter. Apollo Global Management makes up approximately 0.7% of Doliver Advisors LP's investment portfolio, making the stock its 21st largest position. Doliver Advisors LP's holdings in Apollo Global Management were worth $2,348,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Parallel Advisors LLC raised its holdings in Apollo Global Management by 10.7% during the 1st quarter. Parallel Advisors LLC now owns 3,829 shares of the financial services provider's stock worth $524,000 after purchasing an additional 371 shares during the last quarter. GAMMA Investing LLC raised its holdings in Apollo Global Management by 22,053.8% during the 1st quarter. GAMMA Investing LLC now owns 613,217 shares of the financial services provider's stock worth $839,740,000 after purchasing an additional 610,449 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in Apollo Global Management by 4.8% during the 1st quarter. AdvisorNet Financial Inc now owns 2,106 shares of the financial services provider's stock worth $288,000 after purchasing an additional 97 shares during the last quarter. Quent Capital LLC raised its holdings in Apollo Global Management by 2.0% during the 1st quarter. Quent Capital LLC now owns 8,080 shares of the financial services provider's stock worth $1,107,000 after purchasing an additional 159 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in Apollo Global Management by 37.5% during the 1st quarter. Versant Capital Management Inc now owns 689 shares of the financial services provider's stock worth $94,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Insiders Place Their Bets

In other Apollo Global Management news, insider Lb 2018 Gst Trust bought 607,725 shares of the stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now directly owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. This trade represents a 4,331.92% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the sale, the chief financial officer now owns 373,164 shares in the company, valued at $49,470,351.48. The trade was a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APO. Bank of America raised their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Citigroup reduced their price objective on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company raised their price objective on shares of Apollo Global Management from $158.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, May 23rd. Finally, Morgan Stanley reduced their price objective 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 given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $159.00.

Apollo Global Management Stock Down 0.2%

NYSE APO traded down $0.26 during mid-day trading on Monday, hitting $130.43. The company's stock had a trading volume of 2,690,575 shares, compared to its average volume of 3,948,297. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $74.54 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.17 and a beta of 1.67. The company's 50 day simple moving average is $131.52 and its 200 day simple moving average is $150.88. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. Apollo Global Management's revenue was down 21.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.72 earnings per share. Analysts anticipate that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.56%. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date was Friday, May 16th. Apollo Global Management's payout ratio is currently 35.73%.

Apollo Global Management 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.