Gotham Asset Management LLC Acquires 5,269 Shares of Apollo Global Management, Inc. (NYSE:APO)

Gotham Asset Management LLC lifted its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,314 shares of the financial services provider's stock after buying an additional 5,269 shares during the period. Gotham Asset Management LLC's holdings in Apollo Global Management were worth $17,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hopwood Financial Services Inc. bought a new stake in Apollo Global Management during the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management during the 4th quarter valued at $34,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management during the 4th quarter valued at $37,000. Retirement Wealth Solutions LLC purchased a new position in shares of Apollo Global Management during the 4th quarter valued at $39,000. Finally, HM Payson & Co. purchased a new position in shares of Apollo Global Management during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. The trade was a 1.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 509,000 shares of company stock worth $72,321,680 in the last 90 days. 8.20% of the stock is currently owned by insiders.

Apollo Global Management Stock Performance

APO stock traded down $0.88 on Wednesday, hitting $144.19. The company had a trading volume of 3,227,942 shares, compared to its average volume of 3,906,647. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock's 50-day simple moving average is $132.09 and its 200 day simple moving average is $152.54. The stock has a market cap of $82.26 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 1.17 and a beta of 1.67.

Apollo Global Management (NYSE:APO - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $977.14 million. During the same quarter in the prior year, the business posted $1.72 EPS. The company's revenue for the quarter was down 21.2% compared to the same quarter last year. As a group, equities research analysts expect that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, May 16th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is currently 35.73%.

Analysts Set New Price Targets

Several research analysts recently issued reports on APO shares. Morgan Stanley cut their target price on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. 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 note on Thursday, May 1st. Piper Sandler lowered their price objective on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Raymond James began coverage on shares of 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. Finally, Barclays increased their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $157.89.

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.