Apollo Global Management, Inc. (NYSE:APO) Stock Position Boosted by Lindbrook Capital LLC

Lindbrook Capital LLC raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 60.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,206 shares of the financial services provider’s stock after acquiring an additional 455 shares during the period. Lindbrook Capital LLC’s holdings in Apollo Global Management were worth $112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of APO. CWM LLC lifted its holdings in Apollo Global Management by 4.0% in the 3rd quarter. CWM LLC now owns 5,558 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 215 shares during the last quarter. AE Wealth Management LLC lifted its holdings in Apollo Global Management by 80.0% in the 3rd quarter. AE Wealth Management LLC now owns 5,437 shares of the financial services provider’s stock valued at $488,000 after acquiring an additional 2,416 shares during the last quarter. HB Wealth Management LLC acquired a new stake in Apollo Global Management in the 3rd quarter valued at about $265,000. SG Americas Securities LLC lifted its holdings in Apollo Global Management by 55.3% in the 3rd quarter. SG Americas Securities LLC now owns 9,587 shares of the financial services provider’s stock valued at $861,000 after acquiring an additional 3,415 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in Apollo Global Management by 3.1% in the 3rd quarter. DAVENPORT & Co LLC now owns 7,294 shares of the financial services provider’s stock valued at $655,000 after acquiring an additional 219 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider James C. Zelter sold 150,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Apollo Global Management news, insider Leon D. Black sold 300,000 shares of the stock in a transaction that occurred on Saturday, February 24th. The stock was sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the transaction, the insider now owns 43,054,773 shares in the company, valued at $4,801,037,737.23. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James C. Zelter sold 150,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Insiders own 8.70% of the company’s stock.

Apollo Global Management Price Performance

NYSE APO opened at $113.77 on Wednesday. The company has a 50 day simple moving average of $111.28 and a 200-day simple moving average of $98.88. Apollo Global Management, Inc. has a 52-week low of $57.50 and a 52-week high of $117.15. The firm has a market capitalization of $64.64 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The firm had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. Equities research analysts predict that Apollo Global Management, Inc. will post 7.44 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued 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 1.51%. Apollo Global Management’s dividend payout ratio is currently 20.45%.

Wall Street Analyst Weigh In

APO has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Barclays upped their price objective on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. TD Cowen began coverage on shares of Apollo Global Management in a research note on Thursday, January 4th. They set an “outperform” rating and a $115.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.25.

Apollo Global Management Profile

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.