Raiffeisen Bank International AG Acquires New Stake in Apollo Global Management, Inc. (NYSE:APO)

Raiffeisen Bank International AG bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,704 shares of the financial services provider’s stock, valued at approximately $450,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Ellevest Inc. boosted its position in Apollo Global Management by 1.5% during the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 67 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Apollo Global Management by 2.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 71 shares in the last quarter. Tower Wealth Partners Inc. boosted its holdings in shares of Apollo Global Management by 4.4% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 74 shares during the last quarter. Colonial Trust Co SC grew its position in shares of Apollo Global Management by 29.2% in the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 79 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Apollo Global Management by 0.9% in the fourth quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APO. Keefe, Bruyette & Woods lowered their price objective on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley lowered their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company cut their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Citigroup decreased their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, TD Cowen cut their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $157.89.

Apollo Global Management Price Performance

Shares of APO opened at $143.80 on Friday. The company has a market cap of $82.04 billion, a P/E ratio of 19.67, a PEG ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average price is $132.95 and its 200 day moving average price is $152.51.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data 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). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The company had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same quarter in the previous year, the business posted $1.72 earnings per share. The firm’s revenue was down 21.2% on a year-over-year basis. On average, research analysts forecast that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, May 16th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is presently 35.73%.

Insider Transactions at Apollo Global Management

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 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 $49,470,351.48. The trade was a 1.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the company’s stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the transaction, the insider now owns 621,754 shares in the company, valued at approximately $69,257,178.06. The trade was a 4,331.92% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 8.20% of the company’s stock.

About Apollo Global Management

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.