Toronto Dominion Bank Boosts Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Toronto Dominion Bank grew its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 209.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,659 shares of the financial services provider's stock after purchasing an additional 110,014 shares during the quarter. Toronto Dominion Bank's holdings in Apollo Global Management were worth $26,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Apollo Global Management by 64.6% during the 4th quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock worth $1,550,316,000 after buying an additional 3,695,979 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Apollo Global Management by 8.9% during the 4th quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock valued at $7,454,560,000 after acquiring an additional 3,691,700 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Apollo Global Management by 245.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock valued at $438,196,000 after acquiring an additional 1,886,146 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Apollo Global Management by 36.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock worth $1,065,615,000 after purchasing an additional 1,739,807 shares during the period. Finally, Northern Trust Corp increased its stake in Apollo Global Management by 50.0% in the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock valued at $723,853,000 after purchasing an additional 1,460,689 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 4,000 shares of the company'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 value of $530,280.00. Following the transaction, the chief financial officer now owns 373,164 shares in the company, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lb 2018 Gst Trust bought 607,725 shares of the firm's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the transaction, the insider now directly owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. The trade was a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.20% of the company's stock.

Apollo Global Management Stock Up 0.1%

Shares of APO stock traded up $0.11 on Thursday, hitting $130.79. The stock had a trading volume of 2,976,584 shares, compared to its average volume of 3,928,523. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50 day moving average of $133.22 and a 200 day moving average of $152.34. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The stock has a market cap of $74.61 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67.

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 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 firm had revenue of $5.55 billion during the quarter, compared to analysts' expectations of $977.14 million. During the same quarter last year, the business posted $1.72 EPS. The company's quarterly revenue was down 21.2% on a year-over-year basis. As a group, analysts expect that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a dividend of $0.51 per share. 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 yield of 1.56%. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management's dividend payout ratio (DPR) is 35.73%.

Analyst Ratings Changes

APO has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Raymond James began coverage on Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price target on the stock. Keefe, Bruyette & Woods decreased their price objective on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Barclays upped their target price on Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, Cowen reissued a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.89.

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.