Private Advisor Group LLC Boosts Stake in Apollo Global Management Inc. (NYSE:APO)

Private Advisor Group LLC boosted its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 44.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,336 shares of the financial services provider's stock after acquiring an additional 5,005 shares during the quarter. Private Advisor Group LLC's holdings in Apollo Global Management were worth $2,237,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in APO. Fourth Dimension Wealth LLC acquired a new position in Apollo Global Management during the 4th quarter worth approximately $25,000. ORG Partners LLC increased its stake in Apollo Global Management by 285.0% in the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after buying an additional 171 shares during the last quarter. Farmers & Merchants Investments Inc. acquired a new position in shares of Apollo Global Management during the 1st quarter worth about $39,000. Colonial Trust Co SC boosted its stake in shares of Apollo Global Management by 29.2% during the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock worth $58,000 after buying an additional 79 shares during the last quarter. Finally, Elequin Capital LP acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $58,000. Institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on APO. Evercore ISI boosted their price target on Apollo Global Management from $150.00 to $155.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Raymond James Financial began coverage on Apollo Global Management in a research note on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective on the stock. TD Cowen reduced their target price on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Barclays boosted their target price on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Apollo Global Management has an average rating of "Moderate Buy" and a consensus target price of $161.00.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 4,000 shares of the 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 completion of the sale, the chief financial officer directly owned 373,164 shares of the company's stock, valued at $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.20% of the company's stock.

Apollo Global Management Trading Down 0.4%

Shares of Apollo Global Management stock traded down $0.54 on Friday, hitting $151.10. 1,576,930 shares of the company's stock traded hands, compared to its average volume of 2,607,614. The company has a market capitalization of $86.35 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 1.71 and a beta of 1.59. The company has a fifty day moving average of $139.60 and a two-hundred day moving average of $142.86. 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 one year low of $95.11 and a one year high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings results 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). Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. During the same period last year, the firm posted $1.72 earnings per share. The company's revenue for the quarter was down 21.2% on a year-over-year basis. As a group, sell-side analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, May 16th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is currently 35.73%.

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.