122,436 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Flputnam Investment Management Co.

Flputnam Investment Management Co. bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 122,436 shares of the financial services provider's stock, valued at approximately $11,410,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth $31,000. CVA Family Office LLC bought a new stake in shares of Apollo Global Management during the fourth quarter worth $34,000. Blue Trust Inc. lifted its position in shares of Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider's stock worth $33,000 after purchasing an additional 221 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Apollo Global Management by 7,183.3% during the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider's stock worth $27,000 after purchasing an additional 431 shares during the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Apollo Global Management during the third quarter worth $39,000. 77.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on APO. TD Cowen assumed coverage on Apollo Global Management in a research report on Thursday, January 4th. They set an "outperform" rating and a $115.00 target price for the company. JPMorgan Chase & Co. assumed coverage on Apollo Global Management in a report on Wednesday, February 28th. They issued an "overweight" rating and a $122.00 price objective for the company. Morgan Stanley lifted their price objective on Apollo Global Management from $94.00 to $99.00 and gave the company an "equal weight" rating in a report on Wednesday, January 24th. Citigroup lifted their price objective on Apollo Global Management from $111.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 13th. Finally, Barclays lifted their price objective on Apollo Global Management from $122.00 to $133.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $113.25.

Insider Transactions at Apollo Global Management

In other news, insider James C. Zelter sold 150,000 shares of the business's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the sale, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider James C. Zelter sold 150,000 shares of the company's stock in a transaction that occurred 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 in the company, valued at $158,782,826.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $111.44, for a total value of $55,720,000.00. Following the completion of the sale, the insider now owns 44,104,773 shares in the company, valued at approximately $4,915,035,903.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Insiders own 8.70% of the company's stock.

Apollo Global Management Stock Down 2.3 %

Apollo Global Management stock traded down $2.56 during trading hours on Monday, reaching $107.57. The stock had a trading volume of 1,855,354 shares, compared to its average volume of 2,375,811. The company has a market cap of $61.12 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 0.91 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. The business's 50 day moving average price is $111.12 and its 200-day moving average price is $98.02. Apollo Global Management, Inc. has a 52 week low of $57.50 and a 52 week high of $117.15.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. Sell-side analysts anticipate that Apollo Global Management, Inc. will post 7.5 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.60%. Apollo Global Management's 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.