Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp raised its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 79.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,817 shares of the financial services provider's stock after buying an additional 10,993 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Apollo Global Management were worth $4,099,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of APO. Hopwood Financial Services Inc. acquired a new position in Apollo Global Management in the 4th quarter valued at $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management in the 4th quarter valued at $34,000. Byrne Asset Management LLC acquired a new position in Apollo Global Management in the 4th quarter valued at $37,000. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management during the 4th quarter worth $39,000. Finally, HM Payson & Co. acquired a new position in shares of Apollo Global Management during the 4th quarter worth $45,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley lowered their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Citigroup lowered their price target on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. TD Cowen lowered their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Cowen reaffirmed 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 given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of "Moderate Buy" and an average price target of $157.89.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of the stock in a transaction dated 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 directly owns 34,604,773 shares in the company, valued at $4,913,877,766. This represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martin Kelly sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total transaction of $530,280.00. Following the sale, the chief financial officer now directly owns 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their position. The disclosure for this sale can be found here. Insiders own 8.20% of the company's stock.

Apollo Global Management Trading Down 0.1%

NYSE:APO traded down $0.19 on Friday, reaching $143.80. The stock had a trading volume of 2,399,313 shares, compared to its average volume of 3,911,441. The company has a market cap of $82.04 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 1.17 and a beta of 1.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm's fifty day moving average is $132.95 and its two-hundred day moving average is $152.46. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $5.55 billion for the quarter, compared to analysts' expectations 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 was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.72 earnings per share. Equities analysts expect that Apollo Global Management, Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.51 per share. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management's dividend payout ratio is presently 35.73%.

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.