Apollo Global Management Inc. (NYSE:APO) Stock Holdings Increased by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,624 shares of the financial services provider's stock after buying an additional 4,341 shares during the quarter. Pinnacle Financial Partners Inc's holdings in Apollo Global Management were worth $12,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Fourth Dimension Wealth LLC acquired a new position in Apollo Global Management during the 4th quarter worth $25,000. ORG Partners LLC grew its stake in Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock worth $32,000 after purchasing an additional 171 shares in the last quarter. Hopwood Financial Services Inc. bought a new stake in Apollo Global Management in the fourth quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management during the fourth quarter valued at approximately $34,000. Finally, Farmers & Merchants Investments Inc. bought a new position in Apollo Global Management during the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In related 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 transaction of $530,280.00. Following the sale, the chief financial officer owned 373,164 shares of the company's stock, valued at $49,470,351.48. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the firm's stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the purchase, the insider owned 621,754 shares in the company, valued at $69,257,178.06. This represents a 4,331.92% increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.50% of the company's stock.

Analyst Upgrades and Downgrades

APO has been the subject of a number of research analyst reports. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Raymond James Financial assumed coverage on shares of Apollo Global Management in a research note on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 target price for the company. Barclays lifted their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Bank of America boosted their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Finally, UBS Group cut their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $159.00.

Apollo Global Management Stock Performance

APO stock traded up $1.20 during trading on Wednesday, reaching $142.83. 2,124,372 shares of the company's stock were exchanged, compared to its average volume of 3,924,707. Apollo Global Management Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The firm has a market cap of $81.63 billion, a PE ratio of 25.01, a P/E/G ratio of 1.46 and a beta of 1.59. The company's fifty day moving average price is $135.35 and its 200-day moving average price is $145.40. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.34.

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 company had revenue of $5.55 billion during 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 revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.72 EPS. On average, research analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were paid a $0.51 dividend. 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 dividend yield of 1.43%. The ex-dividend date was Friday, May 16th. Apollo Global Management's dividend payout ratio is currently 35.73%.

Apollo Global Management 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.