Banco de Sabadell S.A purchased a new stake in Apollo Global Management LLC (NYSE:APO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 40,852 shares of the financial services provider’s stock, valued at approximately $1,367,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in APO. Raymond James Financial Services Advisors Inc. grew its stake in Apollo Global Management by 26.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 33,330 shares of the financial services provider’s stock valued at $1,003,000 after buying an additional 7,051 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Apollo Global Management by 4,894.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 746,881 shares of the financial services provider’s stock valued at $22,481,000 after buying an additional 731,928 shares during the last quarter. Stephens Inc. AR grew its stake in Apollo Global Management by 35.9% in the 3rd quarter. Stephens Inc. AR now owns 28,164 shares of the financial services provider’s stock valued at $848,000 after buying an additional 7,440 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new position in Apollo Global Management in the 3rd quarter valued at about $334,000. Finally, ING Groep NV grew its stake in Apollo Global Management by 230.0% in the 3rd quarter. ING Groep NV now owns 660,000 shares of the financial services provider’s stock valued at $19,866,000 after buying an additional 460,000 shares during the last quarter. Institutional investors and hedge funds own 70.37% of the company’s stock.

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In other news, insider Joshua Harris sold 4,500,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $34.00, for a total transaction of $153,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $34.25, for a total transaction of $513,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,091,842 shares of company stock valued at $173,113,138. 4.11% of the stock is currently owned by insiders.

Apollo Global Management stock opened at $31.99 on Thursday. Apollo Global Management LLC has a 52-week low of $22.91 and a 52-week high of $37.35. The stock has a market cap of $6,302.03, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.93 and a beta of 1.06. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.52.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, February 1st. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.55. Apollo Global Management had a net margin of 23.92% and a return on equity of 62.94%. The firm had revenue of $869.50 million for the quarter, compared to analyst estimates of $599.38 million. During the same quarter in the prior year, the business posted $0.98 EPS. The business’s revenue was up 26.9% compared to the same quarter last year. sell-side analysts expect that Apollo Global Management LLC will post 3.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date was Tuesday, February 20th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.39. Apollo Global Management’s dividend payout ratio is 84.89%.

A number of research analysts recently commented on APO shares. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, December 19th. ValuEngine upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Morgan Stanley upgraded shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and set a $42.00 price target on the stock in a research note on Wednesday, January 3rd. Citigroup lowered shares of Apollo Global Management from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a research report on Friday, January 19th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $43.00 target price on shares of Apollo Global Management in a research report on Thursday, February 1st. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $36.50.

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Apollo Global Management Company Profile

Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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