7,000 Shares in Apollo Global Management Inc. (NYSE:APO) Acquired by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG acquired 7,000 shares of Apollo Global Management, valued at approximately $959,000, in the first quarter.
• Apollo Global Management's stock has seen a recent uptick, trading up 2.5% to $145.55, with a market cap of $83.18 billion.
• The company announced a quarterly dividend of $0.51 per share, reflecting an annualized dividend yield of 1.4% and a payout ratio of 35.73%.

J. Safra Sarasin Holding AG bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,000 shares of the financial services provider's stock, valued at approximately $959,000.

Several other institutional investors also recently bought and sold shares of the stock. Pitcairn Co. purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $250,000. Landscape Capital Management L.L.C. purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $500,000. Peapack Gladstone Financial Corp purchased a new stake in Apollo Global Management in the 4th quarter worth approximately $226,000. Cerity Partners LLC lifted its holdings in Apollo Global Management by 2.1% in the 4th quarter. Cerity Partners LLC now owns 200,915 shares of the financial services provider's stock worth $32,839,000 after buying an additional 4,193 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Apollo Global Management by 35.0% in the 4th quarter. Bank of Montreal Can now owns 1,050,876 shares of the financial services provider's stock worth $173,563,000 after buying an additional 272,332 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APO. Cowen restated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Citigroup raised their target price on Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. TD Cowen lowered their target price on 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. Morgan Stanley reduced their price objective on 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. Finally, Wells Fargo & Company raised their price objective on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $161.00.

Apollo Global Management Trading Up 2.5%

Shares of APO traded up $3.53 during mid-day trading on Tuesday, reaching $145.55. 5,431,124 shares of the company's stock traded hands, compared to its average volume of 2,695,561. The stock has a market cap of $83.18 billion, a P/E ratio of 25.49, a P/E/G ratio of 1.60 and a beta of 1.62. The stock's 50-day moving average is $141.10 and its two-hundred day moving average is $141.93. Apollo Global Management Inc. has a 12 month low of $101.45 and a 12 month high of $189.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36.

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

Apollo Global Management Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management's dividend payout ratio is 35.73%.

Apollo Global Management Company 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.