Wolverine Asset Management LLC bought a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,137 shares of the financial services provider's stock, valued at approximately $1,114,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. National Bank of Canada FI increased its position in Apollo Global Management by 12.1% during the first quarter. National Bank of Canada FI now owns 344,914 shares of the financial services provider's stock worth $47,256,000 after buying an additional 37,322 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Apollo Global Management by 12.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 752,384 shares of the financial services provider's stock worth $103,031,000 after buying an additional 82,319 shares during the last quarter. Y.D. More Investments Ltd increased its position in Apollo Global Management by 14.4% during the first quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider's stock worth $85,000 after buying an additional 78 shares during the last quarter. Accuvest Global Advisors increased its position in Apollo Global Management by 9.7% during the first quarter. Accuvest Global Advisors now owns 24,567 shares of the financial services provider's stock worth $3,364,000 after buying an additional 2,167 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Apollo Global Management by 5.9% during the first quarter. Deutsche Bank AG now owns 1,263,238 shares of the financial services provider's stock worth $172,988,000 after buying an additional 70,670 shares during the last quarter. Institutional investors own 77.06% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on APO shares. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Barclays upped their target price 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. Piper Sandler decreased their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Morgan Stanley decreased their target price on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Finally, UBS Group decreased their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.26.
Get Our Latest Analysis on APO
Insiders Place Their Bets
In related news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 83,192 shares in the company, valued at $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.50% of the stock is owned by insiders.
Apollo Global Management Price Performance
Shares of APO traded up $2.51 during trading hours on Tuesday, reaching $144.63. The stock had a trading volume of 2,913,189 shares, compared to its average volume of 3,064,792. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The stock has a market capitalization of $82.66 billion, a PE ratio of 27.03, a PEG ratio of 1.48 and a beta of 1.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The company's 50-day moving average is $142.32 and its two-hundred day moving average is $141.02.
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 earnings per share 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 the consensus estimate 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 prior year, the business posted $1.64 earnings per share. Research analysts expect that Apollo Global Management Inc. will post 8 EPS for the current year.
Apollo Global Management Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, August 18th. Apollo Global Management's dividend payout ratio is presently 38.13%.
About Apollo Global Management
(
Free Report)
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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