57,748 Shares in Apollo Global Management Inc. $APO Purchased by Pinebridge Investments LLC

Pinebridge Investments LLC acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO) in the 4th quarter, Holdings Channel.com reports. The firm acquired 57,748 shares of the financial services provider’s stock, valued at approximately $8,360,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Chesapeake Asset Management LLC lifted its position in Apollo Global Management by 3.6% during the fourth quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 72 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in shares of Apollo Global Management by 1.4% in the third quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock worth $740,000 after acquiring an additional 78 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Apollo Global Management by 0.8% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock worth $1,383,000 after acquiring an additional 80 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Apollo Global Management by 16.9% in the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 82 shares during the last quarter. Finally, United Advisor Group LLC lifted its holdings in shares of Apollo Global Management by 4.7% in the fourth quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 87 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Morgan Stanley dropped their target price on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Royal Bank Of Canada increased their target price on shares of Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. UBS Group increased their target price on shares of Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus price target of $151.23.

Apollo Global Management Stock Down 0.3%

Shares of NYSE APO opened at $128.01 on Friday. The company has a 50 day simple moving average of $122.81 and a 200 day simple moving average of $127.80. The firm has a market cap of $73.80 billion, a PE ratio of 81.53, a price-to-earnings-growth ratio of 1.10 and a beta of 1.50. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the business earned $1.82 EPS. On average, research analysts forecast that Apollo Global Management Inc. will post 8.28 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were issued a $0.5625 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.8%. Apollo Global Management’s dividend payout ratio (DPR) is 143.31%.

Apollo Global Management 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.