Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Dimensional Fund Advisors LP

Posted by Defense World Staff on Sep 8th, 2023

Dimensional Fund Advisors LP raised its position in Apollo Global Management, Inc. (NYSE:APO – Free Report) by 6.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,687,248 shares of the financial services provider’s stock after purchasing an additional 99,572 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Apollo Global Management were worth $106,550,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Apollo Global Management by 87.8% in 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 period. State Street Corp grew its stake in shares of Apollo Global Management by 5.5% in the third quarter. State Street Corp now owns 9,422,767 shares of the financial services provider’s stock worth $438,159,000 after purchasing an additional 487,408 shares in the last quarter. FMR LLC increased its holdings in shares of Apollo Global Management by 78.1% during the first quarter. FMR LLC now owns 8,830,094 shares of the financial services provider’s stock valued at $557,709,000 after purchasing an additional 3,872,458 shares during the period. Clearbridge Investments LLC raised its stake in shares of Apollo Global Management by 1.0% during the first quarter. Clearbridge Investments LLC now owns 7,859,123 shares of the financial services provider’s stock valued at $487,187,000 after purchasing an additional 78,795 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Apollo Global Management by 88.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,980,565 shares of the financial services provider’s stock worth $445,291,000 after purchasing an additional 3,270,041 shares during the period. Institutional investors and hedge funds own 60.86% of the company’s stock.

Insiders Place Their Bets

In other news, insider James C. Zelter sold 3,010 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $77.51, for a total value of $233,305.10. Following the completion of the sale, the insider now directly owns 5,776,159 shares of the company’s stock, valued at $447,710,084.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider James C. Zelter sold 60,779 shares of the business’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $79.22, for a total transaction of $4,814,912.38. Following the transaction, the insider now directly owns 5,678,785 shares in the company, valued at approximately $449,873,347.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider James C. Zelter sold 3,010 shares of Apollo Global Management stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $77.51, for a total value of $233,305.10. Following the sale, the insider now directly owns 5,776,159 shares of the company’s stock, valued at approximately $447,710,084.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,959 shares of company stock worth $8,719,609. 8.70% of the stock is currently owned by company insiders.

Apollo Global Management Stock Performance

Shares of APO opened at $87.13 on Friday. The company has a 50-day moving average of $81.72 and a two-hundred day moving average of $71.52. The stock has a market cap of $49.39 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 0.63 and a beta of 1.67. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.74 and a quick ratio of 0.74. Apollo Global Management, Inc. has a one year low of $45.62 and a one year high of $88.88.

Apollo Global Management (NYSE:APO – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.06). The firm had revenue of $793.00 million during the quarter, compared to analyst estimates of $781.82 million. Apollo Global Management had a return on equity of 109.78% and a net margin of 4.91%. On average, equities research analysts expect that Apollo Global Management, Inc. will post 6.3 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Thursday, August 17th. Apollo Global Management’s dividend payout ratio is currently 81.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Apollo Global Management from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. BMO Capital Markets upped their target price on Apollo Global Management from $89.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, August 4th. TheStreet upgraded Apollo Global Management from a “c+” rating to a “b-” rating in a research report on Tuesday, June 20th. The Goldman Sachs Group upped their price objective on Apollo Global Management from $86.00 to $98.00 and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Citigroup boosted their price target on shares of Apollo Global Management from $91.00 to $100.00 in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus price target of $84.79.

Get Our Latest Research Report on APO

Apollo Global Management Profile

(Free Report)

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.