Mackenzie Financial Corp Purchases 8,239 Shares of Apollo Global Management, Inc. (NYSE:APO)

Mackenzie Financial Corp raised its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 182,047 shares of the financial services provider's stock after purchasing an additional 8,239 shares during the quarter. Mackenzie Financial Corp's holdings in Apollo Global Management were worth $30,067,000 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. Public Employees Retirement System of Ohio purchased a new stake in Apollo Global Management during the fourth quarter valued at approximately $36,844,000. Fourth Dimension Wealth LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at $25,000. Vise Technologies Inc. increased its stake in shares of Apollo Global Management by 102.7% in the 4th quarter. Vise Technologies Inc. now owns 3,258 shares of the financial services provider's stock worth $538,000 after purchasing an additional 1,651 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Apollo Global Management in the 4th quarter worth $340,000. Finally, Pinkerton Retirement Specialists LLC bought a new position in Apollo Global Management in the 4th quarter worth $358,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

APO has been the topic of several recent research reports. Morgan Stanley decreased their price objective on 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. Bank of America raised their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Barclays raised their price objective on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Finally, Raymond James started coverage on Apollo Global Management in a research report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective on the stock. One investment 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 company. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and an average target price of $159.00.

Apollo Global Management Price Performance

APO traded down $2.59 during trading hours on Friday, hitting $129.11. The company's stock had a trading volume of 1,140,891 shares, compared to its average volume of 3,935,301. The stock has a market cap of $73.79 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 1.17 and a beta of 1.67. The business's 50-day moving average price is $131.86 and its 200-day moving average price is $151.30. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results 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). The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The business's quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 earnings per share. Sell-side analysts expect that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. Apollo Global Management's dividend payout ratio is 35.73%.

Insider Activity

In related news, insider Lb 2018 Gst Trust bought 607,725 shares of the business's stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the transaction, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. This trade represents a 4,331.92% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 owns 34,604,773 shares of the company's stock, valued at approximately $4,913,877,766. This represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.