Victory Capital Management Inc. Increases Stake in Apollo Global Management, Inc. (NYSE:APO)

Victory Capital Management Inc. increased its position in Apollo Global Management, Inc. (NYSE:APOGet Rating) by 60.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 508,057 shares of the financial services provider’s stock after acquiring an additional 190,546 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Apollo Global Management worth $25,281,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Stonnington Group LLC purchased a new stake in Apollo Global Management in the 1st quarter worth about $506,000. Advisor Group Holdings Inc. increased its holdings in Apollo Global Management by 49.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 68,237 shares of the financial services provider’s stock worth $4,942,000 after acquiring an additional 22,555 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Apollo Global Management in the 4th quarter worth about $11,540,000. D.A. Davidson & CO. grew its holdings in Apollo Global Management by 33.0% during the 4th quarter. D.A. Davidson & CO. now owns 18,046 shares of the financial services provider’s stock valued at $1,308,000 after buying an additional 4,478 shares in the last quarter. Finally, Rothschild Investment Corp IL grew its holdings in Apollo Global Management by 106.7% during the 1st quarter. Rothschild Investment Corp IL now owns 26,073 shares of the financial services provider’s stock valued at $1,616,000 after buying an additional 13,459 shares in the last quarter. Hedge funds and other institutional investors own 61.48% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $57.23 on Thursday. The business has a 50 day moving average of $53.26 and a 200 day moving average of $58.20. The company has a market capitalization of $32.88 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 0.67 and a beta of 1.65. Apollo Global Management, Inc. has a 1-year low of $45.97 and a 1-year high of $81.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.71 and a quick ratio of 0.71.

Apollo Global Management (NYSE:APOGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.51. Apollo Global Management had a return on equity of 30.91% and a net margin of 6.39%. The firm had revenue of $584.00 million during the quarter, compared to the consensus estimate of $576.77 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. On average, sell-side analysts predict that Apollo Global Management, Inc. will post 5.3 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Martin Kelly sold 20,000 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $55.06, for a total value of $1,101,200.00. Following the sale, the chief financial officer now directly owns 541,385 shares of the company’s stock, valued at $29,808,658.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on APO shares. Morgan Stanley lowered Apollo Global Management from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $81.00 to $60.00 in a report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft reduced their target price on Apollo Global Management from $90.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. Wells Fargo & Company reduced their target price on Apollo Global Management from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Wednesday, July 13th. TheStreet lowered Apollo Global Management from a “b” rating to a “c” rating in a report on Thursday, May 5th. Finally, Oppenheimer raised Apollo Global Management from a “market perform” rating to an “outperform” rating and set a $64.00 target price for the company in a report on Wednesday, April 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $79.06.

Apollo Global Management Profile

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Apollo Global Management, Inc is a private equity firm specializing 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.

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

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