Point72 Europe London LLP Acquires 23,200 Shares of Apollo Global Management, Inc. (NYSE:APO)

Point72 Europe London LLP lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 24.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,901 shares of the financial services provider's stock after buying an additional 23,200 shares during the period. Apollo Global Management comprises 1.1% of Point72 Europe London LLP's investment portfolio, making the stock its 26th largest position. Point72 Europe London LLP's holdings in Apollo Global Management were worth $19,473,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ellevest Inc. grew its position in shares of Apollo Global Management by 1.5% in the 4th quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after buying an additional 67 shares during the last quarter. SRS Capital Advisors Inc. grew its position in Apollo Global Management by 2.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock valued at $447,000 after purchasing an additional 71 shares during the last quarter. Tower Wealth Partners Inc. lifted its stake in shares of Apollo Global Management by 4.4% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock worth $288,000 after buying an additional 74 shares in the last quarter. Colonial Trust Co SC boosted its stake in Apollo Global Management by 29.2% during the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 79 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in Apollo Global Management by 0.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock worth $1,639,000 after buying an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Down 0.6%

Shares of NYSE:APO opened at $144.19 on Thursday. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a market capitalization of $82.26 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $132.32 and a two-hundred day moving average of $152.48.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The company's revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 EPS. As a group, analysts forecast 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. Stockholders of record on Friday, May 16th will be given a dividend of $0.51 per share. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date is Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.41%. Apollo Global Management's dividend payout ratio (DPR) is 35.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Morgan Stanley reduced their price objective on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Raymond James initiated coverage on Apollo Global Management in a research report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 target price on the stock. TD Cowen reduced their price target on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lowered their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Finally, Cowen restated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.89.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the company's 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 completion of the sale, the chief financial officer now owns 373,164 shares of the company's stock, valued at $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lb 2018 Gst Trust bought 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 acquisition, the insider now directly owns 621,754 shares in the company, valued at approximately $69,257,178.06. The trade was a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.20% of the stock is owned by corporate insiders.

About Apollo Global Management

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.

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