Raymond James & Associates Acquires 36,748 Shares of Apollo Global Management, Inc. (NYSE:APO)

Raymond James & Associates grew its holdings in Apollo Global Management, Inc. (NYSE:APOFree Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,073,419 shares of the financial services provider’s stock after acquiring an additional 36,748 shares during the period. Raymond James & Associates owned 0.19% of Apollo Global Management worth $100,032,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APO. Nordea Investment Management AB lifted its stake in shares of Apollo Global Management by 129.8% in the 4th quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock valued at $61,497,000 after purchasing an additional 371,721 shares during the last quarter. Pathstone Family Office LLC lifted its stake in shares of Apollo Global Management by 28.6% in the 3rd quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider’s stock valued at $2,423,000 after purchasing an additional 6,000 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Apollo Global Management by 43.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 420,901 shares of the financial services provider’s stock valued at $37,780,000 after purchasing an additional 127,722 shares during the last quarter. FMR LLC lifted its stake in shares of Apollo Global Management by 18.9% in the 3rd quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock valued at $892,973,000 after purchasing an additional 1,584,201 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Apollo Global Management by 190.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 387,574 shares of the financial services provider’s stock valued at $34,789,000 after purchasing an additional 254,105 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APO. Morgan Stanley lifted their price objective on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. TD Cowen initiated coverage on shares of Apollo Global Management in a research report on Thursday, January 4th. They set an “outperform” rating and a $115.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Keefe, Bruyette & Woods boosted their target price on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Barclays boosted their target price on shares of Apollo Global Management from $118.00 to $122.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $107.92.

Read Our Latest Report on Apollo Global Management

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 450,000 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total value of $49,819,500.00. Following the sale, the insider now owns 42,604,773 shares of the company’s stock, valued at $4,716,774,418.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Apollo Global Management news, insider Leon D. Black sold 450,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total value of $49,819,500.00. Following the transaction, the insider now directly owns 42,604,773 shares in the company, valued at $4,716,774,418.83. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the transaction, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,000 shares of company stock valued at $158,226,960 over the last quarter. 8.70% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

NYSE APO opened at $113.41 on Tuesday. The stock has a market cap of $64.44 billion, a P/E ratio of 13.49, a PEG ratio of 0.95 and a beta of 1.64. The company’s 50-day simple moving average is $107.15 and its 200 day simple moving average is $95.72. Apollo Global Management, Inc. has a twelve month low of $57.31 and a twelve month high of $116.55. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APOGet Free Report) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. As a group, research analysts forecast that Apollo Global Management, Inc. will post 7.48 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a yield of 1.52%. Apollo Global Management’s payout ratio is currently 20.45%.

Apollo Global Management Company Profile

(Free Report)

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.

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

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