Dorsey & Whitney Trust CO LLC Purchases 2,699 Shares of Apollo Global Management Inc. $APO

Key Points

• Dorsey & Whitney Trust CO LLC increased its holdings in Apollo Global Management Inc. by 105.7% in the first quarter, now owning stocks worth $719,000.
• Apollo Global Management's CFO, Martin Kelly, sold 15,500 shares at around $145.11, reducing their shareholding by 4.46% in August.
• The company reported a quarterly EPS of $1.92, exceeding analysts' expectations, while announcing a quarterly dividend of $0.51 per share.

Dorsey & Whitney Trust CO LLC increased its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 105.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,253 shares of the financial services provider's stock after acquiring an additional 2,699 shares during the period. Dorsey & Whitney Trust CO LLC's holdings in Apollo Global Management were worth $719,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC grew its position in Apollo Global Management by 27.6% in the 4th quarter. MML Investors Services LLC now owns 18,668 shares of the financial services provider's stock valued at $3,083,000 after acquiring an additional 4,039 shares in the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Apollo Global Management by 49.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 14,214 shares of the financial services provider's stock valued at $2,349,000 after acquiring an additional 4,702 shares during the period. IHT Wealth Management LLC raised its stake in Apollo Global Management by 28.4% during the 4th quarter. IHT Wealth Management LLC now owns 4,126 shares of the financial services provider's stock valued at $681,000 after acquiring an additional 913 shares during the last quarter. Hsbc Holdings PLC raised its stake in Apollo Global Management by 149.5% during the 4th quarter. Hsbc Holdings PLC now owns 617,252 shares of the financial services provider's stock valued at $102,011,000 after acquiring an additional 369,863 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Apollo Global Management by 36.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock valued at $1,065,615,000 after buying an additional 1,739,807 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 15,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 332,399 shares of the company's stock, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Whitney Chatterjee sold 4,500 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider owned 83,192 shares of the company's stock, valued at approximately $12,148,527.76. The trade was 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on APO shares. Wall Street Zen raised Apollo Global Management from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Barclays upped their target price on Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. UBS Group cut their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Evercore ISI boosted their target price on Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Finally, Piper Sandler lowered their price target on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $164.56.

Apollo Global Management Price Performance

NYSE APO traded up $1.44 on Wednesday, hitting $135.84. 804,323 shares of the company's stock were exchanged, compared to its average volume of 3,580,882. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49. The stock has a market cap of $77.70 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 1.44 and a beta of 1.62. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average of $142.95 and a 200-day moving average of $138.90.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.84 by $0.08. The company had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate 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 period last year, the business posted $1.64 EPS. Analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, August 18th. Apollo Global Management's dividend payout ratio (DPR) is currently 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.