Nisa Investment Advisors LLC Buys 12,814 Shares of Apollo Global Management Inc. (NYSE:APO)

Nisa Investment Advisors LLC increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 28.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,147 shares of the financial services provider's stock after buying an additional 12,814 shares during the period. Nisa Investment Advisors LLC's holdings in Apollo Global Management were worth $7,826,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in APO. Geode Capital Management LLC grew its stake in shares of Apollo Global Management by 64.6% in the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock worth $1,550,316,000 after purchasing an additional 3,695,979 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Apollo Global Management by 8.9% in the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock valued at $7,454,560,000 after buying an additional 3,691,700 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Apollo Global Management by 245.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock valued at $438,196,000 after buying an additional 1,886,146 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Apollo Global Management by 36.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock worth $1,065,615,000 after acquiring an additional 1,739,807 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Apollo Global Management by 50.0% in the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock worth $723,853,000 after acquiring an additional 1,460,689 shares during the period. 77.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on APO shares. UBS Group lowered their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Cowen restated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Raymond James Financial started coverage on Apollo Global Management in a report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price target for the company. Evercore ISI boosted their price objective on Apollo Global Management from $150.00 to $155.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Bank of America raised their target price on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of "Moderate Buy" and an average target price of $161.00.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the transaction, the chief financial officer owned 373,164 shares in the company, valued at $49,470,351.48. The trade was a 1.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.20% of the company's stock.

Apollo Global Management Stock Up 1.0%

Shares of APO stock traded up $1.45 during trading hours on Monday, reaching $148.63. The company had a trading volume of 1,837,896 shares, compared to its average volume of 3,947,502. The company has a market cap of $84.94 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 1.61 and a beta of 1.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36. Apollo Global Management Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The business has a fifty day simple moving average of $137.02 and a 200-day simple moving average of $143.64.

Apollo Global Management (NYSE:APO - Get Free Report) last issued 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 company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. Apollo Global Management's revenue was down 21.2% on a year-over-year basis. During the same quarter last year, the business posted $1.72 earnings per share. On average, research analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.37%. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 16th. Apollo Global Management's dividend payout ratio is presently 35.73%.

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.