OMERS ADMINISTRATION Corp Raises Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

OMERS ADMINISTRATION Corp raised its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 79.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 24,817 shares of the financial services provider’s stock after purchasing an additional 10,993 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Apollo Global Management were worth $4,099,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in APO. Hopwood Financial Services Inc. purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Apollo Global Management during the 4th quarter valued at $34,000. Byrne Asset Management LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at $37,000. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at $39,000. Finally, HM Payson & Co. purchased a new position in shares of Apollo Global Management in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the completion of the transaction, the chief financial officer now owns 373,164 shares in the company, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lb 2018 Gst Trust bought 607,725 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the purchase, the insider now directly owns 621,754 shares of the company’s stock, valued at $69,257,178.06. This represents a 4,331.92% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 509,000 shares of company stock valued at $72,321,680 in the last three months. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Price Performance

NYSE:APO opened at $145.23 on Wednesday. The business’s 50-day simple moving average is $132.09 and its two-hundred day simple moving average is $152.54. Apollo Global Management, Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The stock has a market cap of $82.85 billion, a PE ratio of 19.87, a P/E/G ratio of 1.17 and a beta of 1.67. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last released its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.02). The business had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The business’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.72 EPS. As a group, analysts forecast that Apollo Global Management, Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.40%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management’s dividend payout ratio is presently 35.73%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APO. Bank of America upped their price objective on Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, April 4th. UBS Group reduced their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Piper Sandler dropped their price objective on shares of Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. TD Cowen cut their target price on shares of Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup decreased their price target on shares of Apollo Global Management from $191.00 to $138.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $157.89.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.