2,185 Shares in Apollo Global Management Inc. $APO Bought by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC has acquired **2,185 shares** of Apollo Global Management Inc., valued at approximately **$299,000**.
• Analysts have increased price targets for Apollo Global Management, with Barclays setting a new target of **$168.00** and Wells Fargo raising it to **$173.00**.
• Apollo Global Management recently announced a quarterly dividend of **$0.51** per share, representing a **1.5% dividend yield**.

MBB Public Markets I LLC purchased a new stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,185 shares of the financial services provider's stock, valued at approximately $299,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Apollo Global Management by 15.8% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,378 shares of the financial services provider's stock valued at $873,000 after purchasing an additional 869 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in Apollo Global Management by 5.5% during the 1st quarter. Arete Wealth Advisors LLC now owns 14,348 shares of the financial services provider's stock valued at $1,965,000 after purchasing an additional 752 shares during the last quarter. Kestra Investment Management LLC lifted its holdings in Apollo Global Management by 50.3% during the 1st quarter. Kestra Investment Management LLC now owns 9,982 shares of the financial services provider's stock valued at $1,367,000 after purchasing an additional 3,339 shares during the last quarter. Coordinated Financial Services Inc. CO bought a new position in Apollo Global Management during the 1st quarter valued at about $317,000. Finally, UniSuper Management Pty Ltd lifted its holdings in Apollo Global Management by 12.4% during the 1st quarter. UniSuper Management Pty Ltd now owns 33,644 shares of the financial services provider's stock valued at $4,607,000 after purchasing an additional 3,703 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Up 1.2%

NYSE APO traded up $1.70 during trading on Friday, reaching $138.10. 2,306,536 shares of the stock traded hands, compared to its average volume of 3,088,531. The firm has a market cap of $79.00 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 1.49 and a beta of 1.69. The stock's 50-day moving average price is $141.88 and its 200 day moving average price is $137.00. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The firm had revenue of $6,550,000 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. Analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management's payout ratio is presently 38.13%.

Wall Street Analyst Weigh In

APO has been the subject of several research reports. Wells Fargo & Company raised their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Barclays raised their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Wall Street Zen upgraded shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Citigroup raised their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Finally, Evercore ISI raised their price objective on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $164.56.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the sale, the insider owned 4,526,000 shares of the company's stock, valued at $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 15,500 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the sale, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. This represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.50% of the stock is currently owned by corporate insiders.

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.