Gordian Capital Singapore Pte Ltd Invests $340,000 in Apollo Global Management, Inc. (NYSE:APO)

Gordian Capital Singapore Pte Ltd acquired a new stake in Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,060 shares of the financial services provider’s stock, valued at approximately $340,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Pinkerton Retirement Specialists LLC bought a new position in Apollo Global Management in the fourth quarter valued at approximately $358,000. Orion Capital Management LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $99,000. Castleark Management LLC bought a new stake in Apollo Global Management in the 4th quarter valued at $37,473,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Apollo Global Management by 14.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 76,345 shares of the financial services provider’s stock valued at $12,609,000 after acquiring an additional 9,882 shares in the last quarter. Finally, Elequin Capital LP acquired a new position in Apollo Global Management in the 4th quarter worth $58,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares in the company, valued at approximately $69,257,178.06. This trade represents a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler dropped their price target on Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Bank of America lifted their target price on Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 4th. Wells Fargo & Company cut their target price on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Barclays raised their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Finally, Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $157.89.

Apollo Global Management Stock Down 6.1%

Apollo Global Management stock opened at $130.76 on Thursday. 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 company’s 50-day moving average is $133.22 and its 200-day moving average is $152.34. The firm has a market capitalization of $74.59 billion, a PE ratio of 17.89, a P/E/G ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share 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 business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. During the same period last year, the firm earned $1.72 EPS. Apollo Global Management’s quarterly revenue was down 21.2% compared to the same quarter last year. Sell-side analysts anticipate that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, May 16th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is 35.73%.

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.