Vanguard Personalized Indexing Management LLC Buys 8,039 Shares of Apollo Global Management Inc. $APO

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Apollo Global Management by 29.2%, owning a total of 35,578 shares, valued at approximately $5,048,000.
• Insider Whitney Chatterjee sold 4,500 shares for $657,135, representing a 5.13% decrease in ownership, while Leon D. Black sold 915,000 shares totaling $122.6 million, marking a 16.82% decrease.
• Research firms have mixed sentiments about Apollo Global Management, with target price adjustments ranging from $132 to $173, and a consensus rating of "Moderate Buy".

Vanguard Personalized Indexing Management LLC raised its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 29.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 35,578 shares of the financial services provider's stock after purchasing an additional 8,039 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Apollo Global Management were worth $5,048,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Y.D. More Investments Ltd increased its holdings in shares of Apollo Global Management by 14.4% during the 1st quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider's stock worth $85,000 after purchasing an additional 78 shares during the period. Walled Lake Planning & Wealth Management LLC increased its holdings in shares of Apollo Global Management by 3.3% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider's stock worth $345,000 after purchasing an additional 80 shares during the period. GW&K Investment Management LLC increased its holdings in shares of Apollo Global Management by 84.5% during the 1st 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 period. CVA Family Office LLC increased its holdings in shares of Apollo Global Management by 19.7% during the 1st quarter. CVA Family Office LLC now owns 534 shares of the financial services provider's stock worth $73,000 after purchasing an additional 88 shares during the period. Finally, World Investment Advisors increased its holdings in shares of Apollo Global Management by 1.3% during the 1st quarter. World Investment Advisors now owns 7,089 shares of the financial services provider's stock worth $971,000 after purchasing an additional 93 shares during the period. Institutional investors own 77.06% of the company's stock.

Insider Transactions at Apollo Global Management

In other news, insider Whitney Chatterjee sold 4,500 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider directly owned 83,192 shares in the company, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Leon D. Black sold 915,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares in the company, valued at $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 935,000 shares of company stock worth $125,543,790. Corporate insiders own 8.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APO. Wells Fargo & Company upped their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Wall Street Zen cut shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. BMO Capital Markets began coverage on shares of Apollo Global Management in a research note on Friday, October 3rd. They issued a "market perform" rating and a $132.00 target price on the stock. Barclays lowered their target price on shares of Apollo Global Management from $168.00 to $147.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 8th. Finally, Evercore ISI upped their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Apollo Global Management has a consensus rating of "Moderate Buy" and an average target price of $161.14.

Apollo Global Management Price Performance

NYSE:APO opened at $122.54 on Tuesday. The firm has a market cap of $70.09 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.29 and a beta of 1.68. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The company's 50-day moving average price is $135.82 and its two-hundred day moving average price is $136.08.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same period in the previous year, the business earned $1.64 earnings per share. On average, equities analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, August 18th. Apollo Global Management's dividend payout ratio is presently 38.13%.

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.

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