Ensign Peak Advisors Inc Acquires 27,418 Shares of Apollo Global Management, Inc. (NYSE:APO)

Ensign Peak Advisors Inc lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,735,797 shares of the financial services provider’s stock after acquiring an additional 27,418 shares during the period. Ensign Peak Advisors Inc’s holdings in Apollo Global Management were worth $286,684,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of APO. Vanguard Group Inc. raised its holdings in shares of Apollo Global Management by 8.9% in the fourth quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider’s stock worth $7,454,560,000 after buying an additional 3,691,700 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Apollo Global Management by 64.6% during the 4th quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider’s stock worth $1,550,316,000 after purchasing an additional 3,695,979 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Apollo Global Management by 36.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider’s stock valued at $1,065,615,000 after buying an additional 1,739,807 shares in the last quarter. Northern Trust Corp lifted its stake in Apollo Global Management by 50.0% during the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider’s stock worth $723,853,000 after purchasing an additional 1,460,689 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Apollo Global Management by 60.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock valued at $479,057,000 after buying an additional 1,094,464 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $133.15 on Friday. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The business has a 50-day simple moving average of $131.92 and a 200 day simple moving average of $152.56. The firm has a market capitalization of $75.96 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.17 and a beta of 1.67.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The business’s quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.72 EPS. On average, research analysts anticipate that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.53%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management’s payout ratio is 35.73%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on APO shares. Barclays raised their price target on Apollo Global Management from $145.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday. Raymond James started coverage on Apollo Global Management in a research report on Thursday, April 10th. They set a “strong-buy” rating and a $173.00 price target for the company. UBS Group decreased their price objective on shares of Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Piper Sandler decreased their price objective on shares of Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating for the company in a research note on Monday. Finally, TD Cowen decreased their price target on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.85.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 4,000 shares of Apollo Global Management 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 owns 373,164 shares of the company’s stock, valued at approximately $49,470,351.48. The trade was a 1.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the business’s stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the acquisition, the insider now directly owns 621,754 shares in the company, valued at $69,257,178.06. This represents a 4,331.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 509,000 shares of company stock worth $72,321,680. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management 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.