Man Group plc Increases Position in Apollo Global Management, Inc. (NYSE:APO)

Man Group plc raised its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,591 shares of the financial services provider's stock after buying an additional 6,578 shares during the period. Man Group plc's holdings in Apollo Global Management were worth $9,347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ellevest Inc. boosted its position in Apollo Global Management by 1.5% during the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after acquiring an additional 67 shares during the last quarter. SRS Capital Advisors Inc. boosted its position in Apollo Global Management by 2.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock worth $447,000 after acquiring an additional 71 shares during the last quarter. Tower Wealth Partners Inc. boosted its position in Apollo Global Management by 4.4% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock worth $288,000 after acquiring an additional 74 shares during the last quarter. Colonial Trust Co SC boosted its position in Apollo Global Management by 29.2% during the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock worth $58,000 after acquiring an additional 79 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Apollo Global Management by 0.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock valued at $1,639,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insiders Place Their Bets

In other news, insider Lb 2018 Gst Trust acquired 607,725 shares of the company's stock in a transaction on Friday, April 4th. The shares were bought at an average cost 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 approximately $69,257,178.06. This trade represents a 4,331.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief financial officer now directly owns 373,164 shares in the company, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is owned by company insiders.

Apollo Global Management Stock Up 0.1%

Apollo Global Management stock traded up $0.16 during mid-day trading on Friday, reaching $130.97. 2,339,526 shares of the company's stock were exchanged, compared to its average volume of 3,951,925. The company has a market cap of $74.71 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $132.93 and a 200-day moving average of $152.08.

Apollo Global Management (NYSE:APO - Get Free Report) last released its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (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 analyst estimates of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. Apollo Global Management's quarterly revenue was down 21.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 earnings per share. Sell-side analysts expect that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, May 16th. This is a positive change 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 1.56%. Apollo Global Management's dividend payout ratio is 35.73%.

Wall Street Analyst Weigh In

Several research firms have weighed in on APO. Raymond James began coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 target price on the stock. Piper Sandler decreased 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 report on Monday, May 5th. Bank of America boosted their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a report on Friday, April 4th. Citigroup decreased their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Cowen reiterated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have issued 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, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.00.

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.