85,153 Shares in Apollo Global Management, Inc. (NYSE:APO) Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC acquired a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 85,153 shares of the financial services provider's stock, valued at approximately $14,064,000.

A number of other institutional investors have also recently bought and sold shares of the business. Kestra Private Wealth Services LLC bought a new position in Apollo Global Management during the fourth quarter worth about $3,994,000. Fortress Financial Solutions LLC bought a new position in Apollo Global Management during the fourth quarter worth $685,000. Leavell Investment Management Inc. increased its stake in Apollo Global Management by 39.8% in the fourth quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider's stock valued at $1,016,000 after purchasing an additional 1,750 shares in the last quarter. Amundi lifted its holdings in shares of Apollo Global Management by 13.2% in the 4th quarter. Amundi now owns 801,260 shares of the financial services provider's stock worth $129,788,000 after purchasing an additional 93,451 shares in the last quarter. Finally, State of Michigan Retirement System bought a new stake in shares of Apollo Global Management in the 4th quarter worth $20,034,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Insiders Place Their Bets

In related news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the sale, the insider now owns 34,604,773 shares of the company's stock, valued at $4,913,877,766. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction on Friday, April 4th. The stock was acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares of the company's stock, valued at $69,257,178.06. The trade was a 4,331.92% increase in their position. The disclosure for this purchase can be found here. Insiders own 8.20% of the company's stock.

Apollo Global Management Price Performance

APO stock traded up $0.16 during trading on Thursday, reaching $144.40. The company's stock had a trading volume of 2,923,027 shares, compared to its average volume of 3,902,879. 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, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company's fifty day moving average is $132.32 and its 200-day moving average is $152.48. The company has a market capitalization of $82.38 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The company's revenue for the quarter was down 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.72 EPS. On average, 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 disclosed 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. The ex-dividend date is Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.41%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is presently 35.73%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Piper Sandler dropped their price objective on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Barclays upped their target price 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. Bank of America lifted their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. UBS Group cut their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Cowen restated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of "Moderate Buy" and an average 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.