ProShare Advisors LLC Purchases New Position in Apollo Global Management, Inc. (NYSE:APO)

ProShare Advisors LLC bought a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 95,777 shares of the financial services provider's stock, valued at approximately $15,819,000.

A number of other institutional investors also recently bought and sold shares of the stock. Ellevest Inc. lifted its position in Apollo Global Management by 1.5% in the fourth 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 holdings in shares of Apollo Global Management by 2.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock worth $447,000 after purchasing an additional 71 shares during the last quarter. Tower Wealth Partners Inc. increased its stake in Apollo Global Management by 4.4% in the 4th 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 during the period. Colonial Trust Co SC lifted its holdings 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 buying an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC boosted 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 valued at $1,639,000 after buying an additional 90 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were 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 in the company, 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 at the SEC website. Also, insider Leon D. Black sold 500,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade represents a 1.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Raymond James began coverage on Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price target for the company. Keefe, Bruyette & Woods decreased their price objective on Apollo Global Management from $196.00 to $194.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Barclays boosted their target price on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Morgan Stanley dropped their target price on 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. Finally, UBS Group lowered their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. One investment 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. According to data from MarketBeat, Apollo Global Management has an average rating of "Moderate Buy" and an average price target of $157.89.

Apollo Global Management Price Performance

APO stock traded down $3.42 during midday trading on Tuesday, reaching $139.19. The stock had a trading volume of 3,073,332 shares, compared to its average volume of 3,918,132. The company's fifty day simple moving average is $133.11 and its 200 day simple moving average is $152.59. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market cap of $79.41 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its earnings results 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). Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The company had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same period last year, the business earned $1.72 earnings per share. The firm's revenue was down 21.2% compared to the same quarter last year. As a group, sell-side analysts predict that Apollo Global Management, Inc. will post 8 earnings per share 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. Investors of record on Friday, May 16th will be issued a $0.51 dividend. 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 yield of 1.47%. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management's payout ratio is 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.