Apollo Global Management Inc. $APO Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its holdings in Apollo Global Management Inc. by 12.4%, acquiring an additional 3,703 shares, bringing its total ownership to 33,644 shares valued at approximately $4.61 million.
• Several major investors, including Vanguard Group and Goldman Sachs, have also increased their stakes in Apollo Global Management, indicating strong institutional interest with over 77% of the company's stock owned by institutional investors.
• Apollo Global Management reported earnings per share of $1.92 for the latest quarter, surpassing estimates, alongside a recently declared quarterly dividend of $0.51 per share, representing an annual yield of 1.5%.

UniSuper Management Pty Ltd grew its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,644 shares of the financial services provider's stock after acquiring an additional 3,703 shares during the quarter. UniSuper Management Pty Ltd's holdings in Apollo Global Management were worth $4,607,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of APO. Fourth Dimension Wealth LLC purchased a new position in shares of Apollo Global Management in the fourth quarter worth about $25,000. GW&K Investment Management LLC raised its stake in shares of Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock worth $26,000 after purchasing an additional 87 shares during the last quarter. ORG Partners LLC raised its stake in shares of Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock worth $32,000 after purchasing an additional 171 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new position in shares of Apollo Global Management in the first quarter worth about $39,000. Finally, Rise Advisors LLC purchased a new position in shares of Apollo Global Management in the first quarter worth about $42,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded up $1.70 on Friday, reaching $138.10. The company's stock had a trading volume of 2,306,536 shares, compared to its average volume of 3,131,071. The company has a market capitalization of $79.00 billion, a P/E ratio of 25.81, a PEG ratio of 1.47 and a beta of 1.69. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $189.49. The stock has a 50-day moving average price of $141.88 and a 200-day moving average price of $137.07. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.08. The business 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 business earned $1.64 earnings per share. Analysts expect that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Apollo Global Management's payout ratio is currently 38.13%.

Analysts Set New Price Targets

APO has been the subject of several research analyst reports. Wall Street Zen upgraded Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Wells Fargo & Company lifted their price target on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Citigroup lifted their price target on Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. Evercore ISI lifted their price target on Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Barclays lifted their price target on 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 analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $164.56.

Insider Transactions at Apollo Global Management

In other news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the sale, the chief financial officer directly owned 332,399 shares in the company, 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 have sold 935,000 shares of company stock valued at $125,543,790 over the last ninety days. Insiders own 8.20% of the company's stock.

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.