Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 22,053.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 613,217 shares of the financial services provider's stock after purchasing an additional 610,449 shares during the period. GAMMA Investing LLC owned approximately 0.11% of Apollo Global Management worth $839,740,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC purchased a new position in shares of Apollo Global Management in the fourth quarter worth $3,994,000. Fortress Financial Solutions LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter worth about $685,000. Leavell Investment Management Inc. boosted its holdings in shares of Apollo Global Management by 39.8% during the fourth quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider's stock worth $1,016,000 after purchasing an additional 1,750 shares during the period. Amundi boosted its holdings in shares of Apollo Global Management by 13.2% during the fourth quarter. Amundi now owns 801,260 shares of the financial services provider's stock worth $129,788,000 after purchasing an additional 93,451 shares during the period. Finally, State of Michigan Retirement System purchased a new stake in shares of Apollo Global Management during the fourth quarter worth about $20,034,000. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Up 0.0%

APO stock traded up $0.02 during trading on Monday, hitting $130.71. 1,781,620 shares of the company's stock traded hands, compared to its average volume of 3,944,894. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The business has a fifty day simple moving average of $131.52 and a two-hundred day simple moving average of $150.88. The firm has a market capitalization of $74.70 billion, a P/E ratio of 17.87, a PEG ratio of 1.17 and a beta of 1.67. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same period in the previous year, the business earned $1.72 EPS. Apollo Global Management's revenue for the quarter was down 21.2% compared to the same quarter last year. Sell-side analysts anticipate that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.51 dividend. This represents a $2.04 annualized dividend 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 of this dividend was Friday, May 16th. Apollo Global Management's dividend payout ratio (DPR) is 35.73%.

Analysts Set New Price Targets

APO has been the subject of a number of analyst reports. Piper Sandler dropped their target price on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. UBS Group dropped their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company increased their target price on shares of Apollo Global Management from $158.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Cowen reissued a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Finally, TD Cowen decreased 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 note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $159.00.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 4,000 shares of the firm's 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 completion of the sale, the chief financial officer now owns 373,164 shares of the company's stock, valued at $49,470,351.48. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was 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 of the company's stock, valued at $4,913,877,766. The trade was a 1.42% decrease in their position. The disclosure for this sale can be found here. Insiders own 8.20% of the company's stock.

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.