Simplicity Solutions LLC acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APO – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,771 shares of the financial services provider’s stock, valued at approximately $241,000.
A number of other institutional investors and hedge funds also recently modified their holdings of APO. Vanguard Group Inc. lifted its position in shares of Apollo Global Management by 87.8% during the 1st quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock valued at $2,316,818,000 after acquiring an additional 17,476,830 shares during the last quarter. Mariner LLC acquired a new stake in Apollo Global Management during the 1st quarter valued at $353,603,000. State Street Corp raised its stake in Apollo Global Management by 91.1% during the 1st quarter. State Street Corp now owns 8,032,420 shares of the financial services provider’s stock valued at $497,930,000 after purchasing an additional 3,829,740 shares during the period. Wellington Management Group LLP acquired a new stake in Apollo Global Management during the 1st quarter valued at $217,878,000. Finally, Dimensional Fund Advisors LP raised its stake in Apollo Global Management by 1,262.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,781,047 shares of the financial services provider’s stock valued at $172,419,000 after purchasing an additional 2,576,938 shares during the period. Institutional investors and hedge funds own 68.98% of the company’s stock.
Apollo Global Management Trading Down 0.4 %
Apollo Global Management stock opened at $63.30 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $36.12 billion, a price-to-earnings ratio of -11.34, a PEG ratio of 0.69 and a beta of 1.68. Apollo Global Management, Inc. has a one year low of $45.62 and a one year high of $74.63. The company’s fifty day moving average price is $64.82 and its two-hundred day moving average price is $63.64.
Apollo Global Management Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Tuesday, February 21st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Friday, February 17th. Apollo Global Management’s dividend payout ratio (DPR) is -28.67%.
Insider Buying and Selling at Apollo Global Management
In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $70.44, for a total transaction of $2,113,200.00. Following the completion of the sale, the chief financial officer now directly owns 414,241 shares in the company, valued at $29,179,136.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Joshua Harris sold 193,537 shares of the stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $65.65, for a total value of $12,705,704.05. Following the completion of the sale, the insider now owns 36,160,664 shares in the company, valued at $2,373,947,591.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 30,000 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $70.44, for a total transaction of $2,113,200.00. Following the completion of the sale, the chief financial officer now owns 414,241 shares of the company’s stock, valued at approximately $29,179,136.04. The disclosure for this sale can be found here. Insiders sold 591,361 shares of company stock worth $39,229,871 over the last ninety days. Company insiders own 15.40% of the company’s stock.
Wall Street Analyst Weigh In
APO has been the topic of several recent analyst reports. Morgan Stanley cut their target price on shares of Apollo Global Management from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Monday, February 13th. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. Barclays dropped their price target on shares of Apollo Global Management from $80.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 22nd. Keefe, Bruyette & Woods raised shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $84.00 to $88.00 in a research note on Friday, February 10th. Finally, StockNews.com assumed coverage on shares of Apollo Global Management in a research note on Thursday, March 16th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.06.
Apollo Global Management Profile
Apollo Global Management, Inc provides asset management services. It offers its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity. The company was founded by Marc Rowan in 1990 and is headquartered in New York, NY.
Read More
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