Jump Financial LLC Purchases 59,939 Shares of Apollo Global Management Inc. $APO

Key Points

• Jump Financial LLC increased its holdings in Apollo Global Management by 573.4% in the first quarter, bringing their total shares to 70,393, valued at $9.64 million.
• Institutional investors, including Vanguard and Northern Trust, also raised their stakes, collectively owning 77.06% of Apollo Global Management's stock.
• Apollo Global Management recently reported earnings of $1.92 per share, exceeding expectations, and declared a quarterly dividend of $0.51 payable on August 29th.

Jump Financial LLC boosted its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 573.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,393 shares of the financial services provider's stock after acquiring an additional 59,939 shares during the quarter. Jump Financial LLC's holdings in Apollo Global Management were worth $9,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APO. Fourth Dimension Wealth LLC bought a new position in Apollo Global Management in the 4th quarter valued at approximately $25,000. GW&K Investment Management LLC lifted its position in Apollo Global Management by 84.5% in the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 87 shares in the last quarter. ORG Partners LLC lifted its position in Apollo Global Management by 285.0% in the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 171 shares in the last quarter. Farmers & Merchants Investments Inc. bought a new position in Apollo Global Management in the 1st quarter valued at approximately $39,000. Finally, Meeder Asset Management Inc. lifted its position in Apollo Global Management by 118.6% in the 1st quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 172 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen raised Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Evercore ISI boosted their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Citigroup raised their price target on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. UBS Group cut their price objective on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Finally, Barclays upped their price objective on Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of "Moderate Buy" and a consensus target price of $163.28.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the sale, the insider owned 83,192 shares in the company, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at $48,234,418.89. This represents a 4.46% decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by insiders.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock traded up $0.58 on Tuesday, hitting $134.47. 3,634,413 shares of the company's stock were exchanged, compared to its average volume of 3,352,375. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $189.49. The company has a 50-day simple moving average of $142.95 and a 200-day simple moving average of $138.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $76.92 billion, a PE ratio of 25.14, a PEG ratio of 1.44 and a beta of 1.62.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion during the quarter, compared to analyst estimates 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 in the prior year, the business posted $1.64 EPS. As a group, equities analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

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