Capital International Sarl Buys Shares of 2,689 Apollo Global Management, Inc. (NYSE:APO)

Capital International Sarl bought a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,689 shares of the financial services provider’s stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pinnbrook Capital Management LP bought a new position in shares of Apollo Global Management during the first quarter worth about $8,902,000. Advisors Asset Management Inc. boosted its stake in Apollo Global Management by 60.7% during the 1st quarter. Advisors Asset Management Inc. now owns 10,961 shares of the financial services provider’s stock valued at $1,233,000 after purchasing an additional 4,142 shares during the period. EP Wealth Advisors LLC grew its position in Apollo Global Management by 12.4% in the 1st quarter. EP Wealth Advisors LLC now owns 3,190 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 353 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of Apollo Global Management by 38.7% in the first quarter. EntryPoint Capital LLC now owns 2,164 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 604 shares during the period. Finally, Natixis Investment Managers International raised its holdings in shares of Apollo Global Management by 83.5% during the first quarter. Natixis Investment Managers International now owns 8,880 shares of the financial services provider’s stock valued at $999,000 after buying an additional 4,040 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the sale, the chief financial officer now owns 359,445 shares in the company, valued at $40,002,634.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Stock Performance

APO stock traded up $0.50 during midday trading on Friday, hitting $122.16. 2,097,681 shares of the company traded hands, compared to its average volume of 2,488,286. Apollo Global Management, Inc. has a twelve month low of $77.11 and a twelve month high of $125.31. The stock has a market capitalization of $69.41 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.37. The business has a 50 day simple moving average of $117.94 and a 200-day simple moving average of $111.69.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.21). The firm had revenue of $839.00 million during the quarter, compared to the consensus estimate of $827.33 million. Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. As a group, equities research analysts predict that Apollo Global Management, Inc. will post 7.11 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were given a dividend of $0.463 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Thursday, May 16th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s payout ratio is currently 20.49%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on APO shares. Evercore ISI increased their price objective on Apollo Global Management from $128.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Barclays dropped their target price on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Jefferies Financial Group decreased their price objective on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Sunday, July 21st. Finally, UBS Group increased their target price on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average target price of $119.29.

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.