Assenagon Asset Management S.A. Boosts Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Assenagon Asset Management S.A. raised its position in shares of Apollo Global Management, Inc. (NYSE:APOFree Report) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 340,647 shares of the financial services provider’s stock after purchasing an additional 245 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of Apollo Global Management worth $31,745,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in APO. Nordea Investment Management AB boosted its stake in shares of Apollo Global Management by 129.8% in the fourth quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock worth $61,497,000 after buying an additional 371,721 shares during the last quarter. Pathstone Family Office LLC boosted its position in Apollo Global Management by 28.6% during the third quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider’s stock worth $2,423,000 after purchasing an additional 6,000 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Apollo Global Management by 43.6% during the third quarter. Envestnet Asset Management Inc. now owns 420,901 shares of the financial services provider’s stock worth $37,780,000 after purchasing an additional 127,722 shares in the last quarter. FMR LLC boosted its position in Apollo Global Management by 18.9% during the third quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock worth $892,973,000 after purchasing an additional 1,584,201 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Apollo Global Management by 190.4% during the third quarter. Los Angeles Capital Management LLC now owns 387,574 shares of the financial services provider’s stock worth $34,789,000 after purchasing an additional 254,105 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen assumed coverage on Apollo Global Management in a research report on Thursday, January 4th. They set an “outperform” rating and a $115.00 price target on the stock. Wells Fargo & Company increased their price target on Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Morgan Stanley increased their target price on Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. started coverage on Apollo Global Management in a report on Wednesday, February 28th. They set an “overweight” rating and a $122.00 target price for the company. Finally, Barclays increased their target price on Apollo Global Management from $118.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.92.

Get Our Latest Stock Analysis on Apollo Global Management

Insider Buying and Selling

In related news, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.09, for a total value of $1,527,260.00. Following the sale, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Martin Kelly sold 14,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the sale, the chief financial officer now owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the sale, the insider now directly owns 123,901 shares in the company, valued at approximately $13,765,401.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,426,000 shares of company stock worth $158,226,960. Company insiders own 8.70% of the company’s stock.

Apollo Global Management Trading Up 0.4 %

Shares of Apollo Global Management stock opened at $113.88 on Wednesday. The firm has a market capitalization of $64.70 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 0.95 and a beta of 1.64. Apollo Global Management, Inc. has a fifty-two week low of $57.31 and a fifty-two week high of $116.55. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a 50 day moving average of $107.52 and a 200 day moving average of $95.91.

Apollo Global Management (NYSE:APOGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. The company had revenue of $795.00 million during the quarter, compared to analyst estimates of $823.27 million. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. As a group, research analysts predict that Apollo Global Management, Inc. will post 7.48 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were given a $0.43 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.72 annualized dividend and a yield of 1.51%. Apollo Global Management’s payout ratio is 20.45%.

Apollo Global Management 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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