Apollo Global Management Inc. (NYSE:APO) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 9.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,205 shares of the financial services provider's stock after acquiring an additional 7,373 shares during the quarter. IFM Investors Pty Ltd's holdings in Apollo Global Management were worth $10,518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter worth $25,000. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management in the fourth quarter worth $33,000. ORG Partners LLC grew its position in Apollo Global Management by 285.0% during the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after buying an additional 171 shares during the period. HM Payson & Co. acquired a new stake in Apollo Global Management during the fourth quarter valued at $45,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Apollo Global Management during the first quarter valued at $39,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Price Performance

NYSE APO traded up $3.53 during trading hours on Tuesday, hitting $145.06. 2,841,506 shares of the company's stock traded hands, compared to its average volume of 3,933,945. Apollo Global Management Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a market capitalization of $82.90 billion, a PE ratio of 25.40, a PEG ratio of 1.47 and a beta of 1.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36. The firm's 50-day moving average is $136.38 and its 200-day moving average is $144.40.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The business had revenue of $5.55 billion for the quarter, compared to analysts' expectations of $977.14 million. During the same period in the prior year, the company posted $1.72 EPS. The firm's revenue was down 21.2% on a year-over-year basis. Equities analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.41%. The ex-dividend date was Friday, May 16th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is currently 35.73%.

Wall Street Analyst Weigh In

Several analysts recently commented on APO shares. Bank of America raised their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Raymond James Financial started coverage on shares of Apollo Global Management in a research report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price target on the stock. UBS Group dropped their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company raised their price target on shares of Apollo Global Management from $158.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Finally, Piper Sandler dropped their target price on shares of 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 sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $159.00.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 4,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the completion of the sale, the chief financial officer owned 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.50% of the company's stock.

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.