Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 162,533 Apollo Global Management, Inc. (NYSE:APO)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 162,533 shares of the financial services provider's stock, valued at approximately $26,844,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APO. Fourth Dimension Wealth LLC purchased a new position in Apollo Global Management in the fourth quarter worth $25,000. Hopwood Financial Services Inc. acquired a new stake in Apollo Global Management in the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at about $34,000. Byrne Asset Management LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at about $37,000. Finally, HM Payson & Co. acquired a new position in shares of Apollo Global Management in the 4th quarter valued at about $45,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

Shares of APO stock traded down $0.26 during trading hours on Monday, reaching $130.43. The company's stock had a trading volume of 2,690,575 shares, compared to its average volume of 3,948,363. The firm's 50 day simple moving average is $131.24 and its 200-day simple moving average is $150.65. The company has a market capitalization of $74.54 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. 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 (NYSE:APO - Get Free Report) last announced its 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 return on equity of 13.97% and a net margin of 17.53%. The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same period in the prior year, the business earned $1.72 earnings per share. The firm's revenue for the quarter was down 21.2% on a year-over-year basis. Sell-side analysts forecast that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid 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 1.56%. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is 35.73%.

Insider Buying and Selling at Apollo Global Management

In related news, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the acquisition, the insider now owns 621,754 shares of the company's stock, valued at $69,257,178.06. This trade represents a 4,331.92% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total transaction of $530,280.00. Following the completion of the sale, the chief financial officer now directly owns 373,164 shares in the company, valued at $49,470,351.48. This trade represents a 1.06% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APO. Wells Fargo & Company lifted their price objective on Apollo Global Management from $158.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Barclays upped their price objective on Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Raymond James began coverage on Apollo Global Management in a research note on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price objective for the company. Bank of America boosted their price target on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Finally, Morgan Stanley cut their price objective on 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $159.00.

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.