Apollo Global Management Inc. $APO Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its position in Apollo Global Management Inc. (NYSE:APO) by 12.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 90,494 shares of the financial services provider’s stock after purchasing an additional 10,172 shares during the period. Sanctuary Advisors LLC’s holdings in Apollo Global Management were worth $10,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Apollo Global Management by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock worth $6,913,826,000 after buying an additional 340,956 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Apollo Global Management by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock worth $1,469,793,000 after acquiring an additional 200,312 shares during the period. Northern Trust Corp raised its holdings in shares of Apollo Global Management by 1.4% during the fourth quarter. Northern Trust Corp now owns 4,448,618 shares of the financial services provider’s stock worth $643,982,000 after purchasing an additional 62,831 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after purchasing an additional 155,857 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Apollo Global Management by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,288,100 shares of the financial services provider’s stock valued at $475,985,000 after purchasing an additional 98,945 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Activity

In other news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the sale, the insider owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Morgan Stanley decreased their price objective on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Weiss Ratings lowered Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $149.50.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $120.51 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. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $156.89. The firm has a market cap of $69.48 billion, a PE ratio of 76.76, a PEG ratio of 1.07 and a beta of 1.50. The firm has a fifty day moving average of $127.52 and a 200 day moving average of $125.06.

Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. The business’s revenue was down 8.8% compared to the same quarter last year. As a group, research analysts predict that Apollo Global Management Inc. will post 8.23 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.5625 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $2.25 annualized dividend and a yield of 1.9%. Apollo Global Management’s dividend payout ratio is presently 143.31%.

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.