Mackenzie Financial Corp Acquires 3,864 Shares of Apollo Global Management Inc. (NYSE:APO)

Mackenzie Financial Corp lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 185,911 shares of the financial services provider's stock after buying an additional 3,864 shares during the period. Mackenzie Financial Corp's holdings in Apollo Global Management were worth $25,459,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its holdings in Apollo Global Management by 245.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock worth $438,196,000 after purchasing an additional 1,886,146 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Apollo Global Management by 1.4% during the first quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock worth $75,347,000 after purchasing an additional 7,441 shares in the last quarter. Blue Whale Capital LLP bought a new position in shares of Apollo Global Management in the fourth quarter valued at $47,400,000. Clearview Wealth Advisors LLC increased its holdings in shares of Apollo Global Management by 420.7% in the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider's stock valued at $2,952,000 after buying an additional 17,418 shares in the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of Apollo Global Management by 209.0% in the fourth quarter. Toronto Dominion Bank now owns 162,659 shares of the financial services provider's stock valued at $26,864,000 after buying an additional 110,014 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the sale, the chief financial officer directly owned 373,164 shares of the company's stock, valued at $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.20% of the company's stock.

Apollo Global Management Price Performance

NYSE:APO traded down $7.02 during mid-day trading on Friday, hitting $138.30. The company's stock had a trading volume of 4,587,463 shares, compared to its average volume of 3,614,874. Apollo Global Management Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $79.04 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 1.64 and a beta of 1.59. The stock has a fifty day moving average of $140.48 and a 200-day moving average of $142.54.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on APO. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Piper Sandler dropped their price target on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Raymond James Financial started coverage on Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price target on the stock. Citigroup boosted their target price on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Finally, Morgan Stanley cut their target price on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $161.00.

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.