River Road Asset Management LLC Buys 340 Shares of Apollo Global Management, Inc. (NYSE:APO)

River Road Asset Management LLC grew its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 72,802 shares of the financial services provider’s stock after acquiring an additional 340 shares during the period. River Road Asset Management LLC’s holdings in Apollo Global Management were worth $6,784,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of APO. Vanguard Group Inc. increased its holdings in Apollo Global Management by 87.8% in the 1st quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock worth $2,316,818,000 after buying an additional 17,476,830 shares in the last quarter. Mariner LLC bought a new stake in Apollo Global Management in the 1st quarter worth about $353,603,000. Norges Bank bought a new stake in Apollo Global Management in the 4th quarter worth about $332,126,000. State Street Corp increased its holdings in Apollo Global Management by 91.1% in the 1st quarter. State Street Corp now owns 8,032,420 shares of the financial services provider’s stock worth $497,930,000 after buying an additional 3,829,740 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in Apollo Global Management in the 1st quarter worth about $217,878,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Down 0.3 %

APO stock opened at $107.49 on Thursday. Apollo Global Management, Inc. has a twelve month low of $57.50 and a twelve month high of $117.15. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. The stock has a market cap of $61.07 billion, a P/E ratio of 12.78, a PEG ratio of 0.89 and a beta of 1.63. The business’s 50-day moving average price is $111.22 and its 200-day moving average price is $98.22.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating 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 firm had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $823.27 million. On average, equities research analysts forecast that Apollo Global Management, Inc. will post 7.49 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.43 per share. The ex-dividend date of this dividend 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 currently 20.45%.

Insider Activity

In related news, insider James C. Zelter sold 150,000 shares of the business’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 transaction, the insider now directly owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider James C. Zelter sold 150,000 shares of the business’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 transaction, the insider now directly owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total value of $55,720,000.00. Following the completion of the transaction, the insider now directly owns 44,104,773 shares in the company, valued at $4,915,035,903.12. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,000 shares of company stock valued at $158,226,960 in the last ninety days. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on APO shares. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Keefe, Bruyette & Woods lifted their price objective on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. BMO Capital Markets boosted their price target on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Wells Fargo & Company boosted their price target on Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Finally, Barclays boosted their price target on Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.25.

About Apollo Global Management

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.