Apollo Global Management, Inc. (NYSE:APO) Holdings Decreased by TCW Group Inc.

TCW Group Inc. decreased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 455,739 shares of the financial services provider's stock after selling 26,190 shares during the quarter. TCW Group Inc. owned approximately 0.08% of Apollo Global Management worth $42,477,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in APO. Norges Bank purchased a new stake in Apollo Global Management during the fourth quarter worth approximately $586,016,000. FMR LLC lifted its stake in Apollo Global Management by 18.9% in the third quarter. FMR LLC now owns 9,948,454 shares of the financial services provider's stock valued at $892,973,000 after buying an additional 1,584,201 shares during the last quarter. PointState Capital LP purchased a new stake in Apollo Global Management in the third quarter valued at approximately $98,382,000. Westfield Capital Management Co. LP purchased a new stake in Apollo Global Management in the third quarter valued at approximately $73,840,000. Finally, Keystone Investors PTE Ltd. purchased a new stake in Apollo Global Management in the third quarter valued at approximately $54,355,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 300,000 shares of the company's stock in a transaction dated Saturday, February 24th. The stock was sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the completion of the sale, the insider now directly owns 43,054,773 shares in the company, valued at $4,801,037,737.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total value of $3,338,700.00. Following the completion of the sale, the chief financial officer now owns 359,445 shares in the company, valued at $40,002,634.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 300,000 shares of the stock in a transaction dated Saturday, February 24th. The shares were sold at an average price of $111.51, for a total value of $33,453,000.00. Following the completion of the sale, the insider now owns 43,054,773 shares of the company's stock, valued at approximately $4,801,037,737.23. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 780,000 shares of company stock worth $86,611,200. 8.50% of the stock is owned by company insiders.

Apollo Global Management Price Performance

APO stock traded down $0.94 on Thursday, reaching $112.90. 1,264,825 shares of the company's stock were exchanged, compared to its average volume of 2,283,838. The stock has a fifty day moving average of $111.79 and a 200-day moving average of $102.87. Apollo Global Management, Inc. has a twelve month low of $62.63 and a twelve month high of $117.15. The firm has a market cap of $64.15 billion, a PE ratio of 12.50, a P/E/G ratio of 0.94 and a beta of 1.61. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The company had revenue of $839.00 million during the quarter, compared to analysts' expectations of $827.33 million. As a group, equities analysts predict that Apollo Global Management, Inc. will post 7.19 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.463 per share. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a yield of 1.64%. Apollo Global Management's dividend payout ratio is 20.49%.

Analyst Upgrades and Downgrades

APO has been the subject of a number of research reports. Morgan Stanley boosted their price objective on Apollo Global Management from $94.00 to $99.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 24th. Evercore ISI boosted their price objective on Apollo Global Management from $120.00 to $128.00 and gave the company an "outperform" rating in a research note on Friday, May 3rd. Wells Fargo & Company boosted their target price on Apollo Global Management from $110.00 to $118.00 and gave the company an "overweight" rating in a report on Friday, February 9th. BMO Capital Markets boosted their target price on Apollo Global Management from $111.00 to $122.00 and gave the company an "outperform" rating in a report on Friday, April 5th. Finally, Barclays dropped their target price on Apollo Global Management from $133.00 to $131.00 and set an "overweight" rating on the stock in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $115.62.

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.