Woodline Partners LP Makes New Investment in Apollo Global Management, Inc. (NYSE:APO)

Woodline Partners LP bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 26,844 shares of the financial services provider's stock, valued at approximately $4,434,000.

Other large investors have also recently added to or reduced their stakes in the company. Ellevest Inc. increased its holdings in shares of Apollo Global Management by 1.5% in the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after acquiring an additional 67 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of Apollo Global Management by 2.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock valued at $447,000 after purchasing an additional 71 shares during the period. Vivaldi Capital Management LP increased its stake in Apollo Global Management by 2.1% during the 4th quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock worth $566,000 after purchasing an additional 71 shares in the last quarter. Tower Wealth Partners Inc. increased its stake in Apollo Global Management by 4.4% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock worth $288,000 after purchasing an additional 74 shares in the last quarter. Finally, Colonial Trust Co SC raised its holdings in Apollo Global Management by 29.2% during the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock worth $58,000 after buying an additional 79 shares during the period. 77.06% of the stock is owned by institutional investors.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were 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 of the company's stock, valued at $49,470,351.48. This represents a 1.06% decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

NYSE:APO traded up $2.21 on Tuesday, hitting $133.08. The company's stock had a trading volume of 2,474,108 shares, compared to its average volume of 3,946,013. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The firm has a market capitalization of $76.05 billion, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The stock has a fifty day moving average of $132.68 and a two-hundred day moving average of $151.81. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. During the same quarter last year, the company posted $1.72 EPS. The firm's revenue was down 21.2% on a year-over-year basis. Research analysts predict that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently announced 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 an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.53%. Apollo Global Management's payout ratio is presently 35.73%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Keefe, Bruyette & Woods dropped their price target on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Wells Fargo & Company boosted their price target on Apollo Global Management from $158.00 to $160.00 and gave the company an "overweight" rating in a report on Friday. Finally, Citigroup reduced their price objective on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.