Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Cerity Partners LLC

Cerity Partners LLC increased its holdings in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 67.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,844 shares of the financial services provider's stock after purchasing an additional 62,402 shares during the period. Cerity Partners LLC's holdings in Apollo Global Management were worth $14,430,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Apollo Global Management by 87.8% in the 1st quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider's stock worth $2,316,818,000 after acquiring an additional 17,476,830 shares during the last quarter. FMR LLC increased its stake in Apollo Global Management by 18.9% in the 3rd quarter. FMR LLC now owns 9,948,454 shares of the financial services provider's stock worth $892,973,000 after acquiring an additional 1,584,201 shares during the last quarter. State Street Corp increased its stake in Apollo Global Management by 2.0% in the 1st quarter. State Street Corp now owns 9,505,487 shares of the financial services provider's stock worth $600,360,000 after acquiring an additional 184,378 shares during the last quarter. Clearbridge Investments LLC increased its stake in Apollo Global Management by 1.0% in the 1st quarter. Clearbridge Investments LLC now owns 7,859,123 shares of the financial services provider's stock worth $487,187,000 after acquiring an additional 78,795 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Apollo Global Management by 11.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,808,500 shares of the financial services provider's stock worth $493,187,000 after acquiring an additional 827,935 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the sale, the insider now directly owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Whitney Chatterjee sold 12,000 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the sale, the insider now directly owns 123,901 shares in the company, valued at approximately $13,765,401.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James C. Zelter sold 150,000 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the sale, the insider now owns 1,454,588 shares of the company's stock, valued at $158,782,826.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,426,000 shares of company stock worth $158,226,960. 8.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. BMO Capital Markets lifted their price objective on Apollo Global Management from $111.00 to $122.00 and gave the stock an "outperform" rating in a research note on Friday, April 5th. JPMorgan Chase & Co. assumed coverage on Apollo Global Management in a research report on Wednesday, February 28th. They set an "overweight" rating and a $122.00 target price on the stock. Morgan Stanley boosted their target price on Apollo Global Management from $94.00 to $99.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 24th. Citigroup boosted their target price on Apollo Global Management from $111.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 13th. Finally, Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $122.00 to $131.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.25.

Apollo Global Management Trading Down 2.6 %

Apollo Global Management stock traded down $2.89 during mid-day trading on Friday, hitting $110.13. The company's stock had a trading volume of 2,217,780 shares, compared to its average volume of 2,033,615. The company has a 50 day moving average of $111.03 and a 200-day moving average of $97.91. The stock has a market cap of $62.57 billion, a PE ratio of 13.10, a P/E/G ratio of 0.91 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. Apollo Global Management, Inc. has a one year low of $57.50 and a one year high of $117.15.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. On average, research analysts anticipate that Apollo Global Management, Inc. will post 7.5 EPS for the current year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management's dividend payout ratio is 20.45%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.