Teachers Retirement System of The State of Kentucky Has $57.57 Million Stock Position in Apollo Global Management Inc. (NYSE:APO)

Teachers Retirement System of The State of Kentucky grew its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 69.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 420,390 shares of the financial services provider's stock after acquiring an additional 172,398 shares during the period. Apollo Global Management accounts for 0.5% of Teachers Retirement System of The State of Kentucky's holdings, making the stock its 27th largest position. Teachers Retirement System of The State of Kentucky owned about 0.07% of Apollo Global Management worth $57,569,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. J.W. Cole Advisors Inc. lifted its position in Apollo Global Management by 2.4% during the first quarter. J.W. Cole Advisors Inc. now owns 10,441 shares of the financial services provider's stock worth $1,430,000 after acquiring an additional 244 shares during the last quarter. Twin Capital Management Inc. raised its position in shares of Apollo Global Management by 56.7% in the first quarter. Twin Capital Management Inc. now owns 10,104 shares of the financial services provider's stock valued at $1,384,000 after buying an additional 3,656 shares in the last quarter. Kestra Private Wealth Services LLC raised its position in shares of Apollo Global Management by 6.7% in the first quarter. Kestra Private Wealth Services LLC now owns 25,809 shares of the financial services provider's stock valued at $3,534,000 after buying an additional 1,627 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Apollo Global Management by 44.2% in the first quarter. Private Advisor Group LLC now owns 16,336 shares of the financial services provider's stock valued at $2,237,000 after buying an additional 5,005 shares in the last quarter. Finally, Hollencrest Capital Management raised its position in shares of Apollo Global Management by 12.5% in the first quarter. Hollencrest Capital Management now owns 2,715 shares of the financial services provider's stock valued at $372,000 after buying an additional 301 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were 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 approximately $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on APO shares. UBS Group lowered their price objective on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Cowen restated a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Citigroup boosted their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, Barclays boosted their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $161.00.

Apollo Global Management Trading Up 0.5%

Shares of Apollo Global Management stock traded up $0.78 during trading on Tuesday, hitting $149.47. The company's stock had a trading volume of 1,263,186 shares, compared to its average volume of 3,957,586. 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 52 week low of $95.11 and a 52 week high of $189.49. The stock has a market cap of $85.42 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 1.71 and a beta of 1.59. The stock has a 50-day moving average price of $138.96 and a two-hundred day moving average price of $143.09.

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 business had revenue of $5.55 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.72 EPS. Equities research analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.51 per share. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.36%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio is 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.