Temasek Holdings Private Ltd increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) by 879.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 753,349 shares of the financial services provider’s stock after buying an additional 676,411 shares during the quarter. Temasek Holdings Private Ltd owned 0.13% of Apollo Global Management worth $109,055,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of APO. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at about $29,000. Physician Wealth Advisors Inc. boosted its stake in Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after buying an additional 96 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in Apollo Global Management in the fourth quarter valued at about $42,000. City Holding Co. boosted its stake in Apollo Global Management by 391.9% in the fourth quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock valued at $44,000 after buying an additional 243 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in Apollo Global Management by 54.4% in the fourth quarter. Cullen Frost Bankers Inc. now owns 366 shares of the financial services provider’s stock valued at $53,000 after buying an additional 129 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Apollo Global Management
In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.30% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Apollo Global Management
Apollo Global Management Price Performance
Shares of APO opened at $136.31 on Tuesday. The business has a 50-day simple moving average of $125.60 and a two-hundred day simple moving average of $128.01. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $157.28. The stock has a market cap of $78.58 billion, a PE ratio of 86.82, a PEG ratio of 1.15 and a beta of 1.50. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45.
Apollo Global Management (NYSE:APO – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the company posted $1.82 EPS. The business’s revenue was down 8.8% on a year-over-year basis. Analysts anticipate that Apollo Global Management Inc. will post 8.28 earnings per share for the current fiscal year.
Apollo Global Management Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were given 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 dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio is presently 143.31%.
About Apollo Global Management
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.
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