Legal & General Group Plc Acquires 186,292 Shares of Apollo Global Management Inc. $APO

Legal & General Group Plc increased its stake in Apollo Global Management Inc. (NYSE:APOFree Report) by 5.7% in the third quarter, Holdings Channel.com reports. The firm owned 3,455,982 shares of the financial services provider’s stock after purchasing an additional 186,292 shares during the quarter. Legal & General Group Plc’s holdings in Apollo Global Management were worth $460,579,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in APO. Vanguard Group Inc. increased its position in shares of Apollo Global Management by 3.0% in the third quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock valued at $6,319,617,000 after acquiring an additional 1,377,545 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Apollo Global Management by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock worth $432,727,000 after purchasing an additional 36,866 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Apollo Global Management by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock valued at $326,716,000 after purchasing an additional 48,053 shares during the last quarter. Bessemer Group Inc. increased its holdings in shares of Apollo Global Management by 31.1% in the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock valued at $215,530,000 after purchasing an additional 383,198 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Apollo Global Management by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,387,029 shares of the financial services provider’s stock valued at $184,930,000 after purchasing an additional 33,402 shares during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Up 0.1%

APO opened at $108.23 on Wednesday. The stock has a market capitalization of $62.59 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 0.87 and a beta of 1.61. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $157.28. The company has a 50-day simple moving average of $129.79 and a 200 day simple moving average of $132.58.

Apollo Global Management (NYSE:APOGet Free Report) last issued its earnings results on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.39 earnings per share. Analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, February 19th. Apollo Global Management’s dividend payout ratio is currently 36.96%.

Analyst Upgrades and Downgrades

APO has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, February 10th. Barclays reduced their price target on Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $159.47.

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Key Apollo Global Management News

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Apollo Global Management Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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