Yousif Capital Management LLC Grows Position in Apollo Global Management, Inc. (NYSE:APO)

Yousif Capital Management LLC boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 2.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 57,542 shares of the financial services provider’s stock after buying an additional 1,448 shares during the quarter. Yousif Capital Management LLC’s holdings in Apollo Global Management were worth $7,880,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Apollo Global Management by 8.9% during the fourth quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider’s stock valued at $7,454,560,000 after purchasing an additional 3,691,700 shares in the last quarter. Geode Capital Management LLC lifted its position in Apollo Global Management by 64.6% during the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider’s stock valued at $1,550,316,000 after purchasing an additional 3,695,979 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Apollo Global Management by 36.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider’s stock valued at $1,065,615,000 after purchasing an additional 1,739,807 shares in the last quarter. Northern Trust Corp lifted its position in Apollo Global Management by 50.0% during the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider’s stock valued at $723,853,000 after purchasing an additional 1,460,689 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Apollo Global Management by 60.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,900,562 shares of the financial services provider’s stock valued at $479,057,000 after purchasing an additional 1,094,464 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total transaction of $530,280.00. Following the sale, the chief financial officer now directly owns 373,164 shares of the company’s stock, valued at $49,470,351.48. The trade was a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of Apollo Global Management stock in a transaction on Friday, April 4th. The shares were bought at an average cost of $111.39 per share, for a total transaction 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. The trade was a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Bank of America boosted 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. TD Cowen lowered their price objective on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Monday, May 5th. UBS Group lowered their price objective on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Finally, Piper Sandler lowered their price objective on Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating on the stock in a research report on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $159.00.

Apollo Global Management Trading Up 1.7%

Shares of NYSE APO opened at $135.82 on Wednesday. The business’s 50 day moving average is $130.76 and its two-hundred day moving average is $149.37. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The stock has a market capitalization of $77.62 billion, a P/E ratio of 18.58, a PEG ratio of 1.17 and a beta of 1.59.

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

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.51 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, May 16th. Apollo Global Management’s payout ratio is presently 35.73%.

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.