Linden Thomas Advisory Services LLC Has $1.75 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Linden Thomas Advisory Services LLC increased its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 6.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,723 shares of the financial services provider’s stock after buying an additional 1,077 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Apollo Global Management were worth $1,745,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Strategic Blueprint LLC raised its holdings in Apollo Global Management by 42.4% in the fourth quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider’s stock worth $4,341,000 after purchasing an additional 13,870 shares in the last quarter. Nordea Investment Management AB grew its position in 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 acquiring an additional 371,721 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Apollo Global Management by 39.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 185,206 shares of the financial services provider’s stock valued at $17,259,000 after buying an additional 52,063 shares during the period. Raymond James & Associates lifted its stake in Apollo Global Management by 3.5% during the fourth quarter. Raymond James & Associates now owns 1,073,419 shares of the financial services provider’s stock worth $100,032,000 after purchasing an additional 36,748 shares during the last quarter. Finally, Pathstone Family Office LLC lifted its stake in Apollo Global Management by 28.6% in the third quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 6,000 shares during 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 research analysts have commented on APO shares. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Barclays lifted their price target on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. upped their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.33.

Insiders Place Their Bets

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

Apollo Global Management Price Performance

Shares of APO traded down $1.21 during trading hours on Wednesday, reaching $112.56. 510,673 shares of the company’s stock traded hands, compared to its average volume of 2,333,599. The stock has a market cap of $63.95 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 0.92 and a beta of 1.63. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management, Inc. has a 12 month low of $57.50 and a 12 month high of $117.15. The firm’s 50 day simple moving average is $111.28 and its 200-day simple moving average is $98.88.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share 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 during the quarter, compared to analysts’ expectations of $823.27 million. Equities analysts expect that Apollo Global Management, Inc. will post 7.44 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.53%. Apollo Global Management’s dividend payout ratio is currently 20.45%.

About Apollo Global Management

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.