Robeco Institutional Asset Management B.V. Has $2.73 Million Position in Apollo Global Management Inc. $APO

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in Apollo Global Management Inc. by 22.1%, selling 5,463 shares during the second quarter, leaving it with a position valued at $2.73 million.
• Apollo Global Management reported earnings per share of $1.92 for the last quarter, surpassing analysts' expectations of $1.84 and indicating a strong performance compared to the previous year.
• Several institutional investors, including Vanguard Group and Goldman Sachs, have recently increased their stakes in Apollo, reflecting strong investor interest in the company.

Robeco Institutional Asset Management B.V. lowered its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 22.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,267 shares of the financial services provider's stock after selling 5,463 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Apollo Global Management were worth $2,733,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Apollo Global Management by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider's stock worth $6,303,186,000 after acquiring an additional 893,428 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Apollo Global Management by 24.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock worth $490,482,000 after acquiring an additional 706,181 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Apollo Global Management by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,013,298 shares of the financial services provider's stock worth $412,641,000 after acquiring an additional 112,736 shares during the period. Boston Partners bought a new position in shares of Apollo Global Management during the 1st quarter worth approximately $370,543,000. Finally, Allen Investment Management LLC boosted its stake in shares of Apollo Global Management by 14.4% during the 1st quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider's stock worth $361,664,000 after acquiring an additional 333,428 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $126.54 on Tuesday. The stock has a market cap of $72.38 billion, a P/E ratio of 23.65, a PEG ratio of 1.35 and a beta of 1.68. The stock has a 50 day simple moving average of $137.90 and a 200 day simple moving average of $136.81. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49.

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

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.6%. Apollo Global Management's payout ratio is currently 38.13%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the transaction, the insider directly owned 83,192 shares of the company's stock, valued at $12,148,527.76. The trade was a 5.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares of the company's stock, valued at $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 935,000 shares of company stock valued at $125,543,790 in the last three months. Corporate insiders own 8.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on APO shares. Citigroup lifted their target price on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Barclays lifted their target price on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Wells Fargo & Company lifted their target price on Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Apollo Global Management in a report on Saturday, September 27th. Finally, Wall Street Zen cut Apollo Global Management from a "hold" rating to a "sell" rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.07.

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.

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