Life Cycle Investment Partners Ltd Acquires Shares of 209,632 Apollo Global Management Inc. $APO

Life Cycle Investment Partners Ltd acquired a new stake in Apollo Global Management Inc. (NYSE:APO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 209,632 shares of the financial services provider’s stock, valued at approximately $30,346,000.

A number of other institutional investors also recently added to or reduced their stakes in APO. Vanguard Group Inc. grew its holdings in Apollo Global Management by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock worth $6,913,826,000 after acquiring an additional 340,956 shares during the period. Northern Trust Corp grew its holdings in Apollo Global Management by 7.3% during the third quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock worth $584,494,000 after acquiring an additional 299,698 shares during the period. Legal & General Group Plc grew its holdings in Apollo Global Management by 5.7% during the third quarter. Legal & General Group Plc now owns 3,455,982 shares of the financial services provider’s stock worth $460,579,000 after acquiring an additional 186,292 shares during the period. Bank of New York Mellon Corp grew its holdings in Apollo Global Management by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock worth $326,716,000 after acquiring an additional 48,053 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Apollo Global Management by 31.1% during the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock worth $215,530,000 after acquiring an additional 383,198 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 1.8%

Apollo Global Management stock opened at $128.50 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market capitalization of $74.08 billion, a price-to-earnings ratio of 81.85, a price-to-earnings-growth ratio of 1.08 and a beta of 1.52. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28. The stock’s fifty day moving average is $118.81 and its two-hundred day moving average is $127.96.

Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.05. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.Apollo Global Management’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.82 earnings per share. Analysts predict that Apollo Global Management Inc. will post 8.29 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 1.8%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is currently 143.31%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on APO. Argus raised Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. Royal Bank Of Canada upped their price objective on Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Morgan Stanley dropped their price objective on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Finally, Evercore reaffirmed an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $150.38.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.