Quantinno Capital Management LP Purchases 3,328 Shares of Apollo Global Management, Inc. (NYSE:APO)

Quantinno Capital Management LP boosted its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 17.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,182 shares of the financial services provider's stock after purchasing an additional 3,328 shares during the quarter. Quantinno Capital Management LP's holdings in Apollo Global Management were worth $3,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ellevest Inc. raised its stake in Apollo Global Management by 1.5% in the 4th quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after purchasing an additional 67 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in Apollo Global Management by 2.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock worth $447,000 after purchasing an additional 71 shares in the last quarter. Tower Wealth Partners Inc. lifted its holdings in shares of Apollo Global Management by 4.4% during the 4th 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 period. Colonial Trust Co SC lifted its holdings 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 acquiring an additional 79 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of Apollo Global Management by 0.9% during the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock worth $1,639,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Trading Up 0.1%

NYSE APO traded up $0.16 on Friday, hitting $130.97. The company's stock had a trading volume of 2,339,526 shares, compared to its average volume of 3,951,925. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The company's 50-day moving average is $132.93 and its 200 day moving average is $152.08. The firm has a market cap of $74.71 billion, a PE ratio of 17.92, a PEG ratio of 1.17 and a beta of 1.67.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same quarter last year, the company posted $1.72 earnings per share. The company's revenue was down 21.2% compared to the same quarter last year. As a group, analysts predict that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.51 dividend. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.56%. The ex-dividend date is Friday, May 16th. Apollo Global Management's dividend payout ratio is 35.73%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the firm's stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the completion of 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 disclosure for this purchase can be found here. Corporate insiders own 8.20% of the company's stock.

Analyst Upgrades and Downgrades

APO has been the subject of a number of recent analyst reports. TD Cowen cut their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Piper Sandler cut their price target on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Morgan Stanley cut their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Finally, Barclays upped their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. One research 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.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $159.00.

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.