Chicago Partners Investment Group LLC Acquires Shares of 2,341 Apollo Global Management, Inc. (NYSE:APO)

Chicago Partners Investment Group LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,341 shares of the financial services provider’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APO. PNC Financial Services Group Inc. grew its position in shares of Apollo Global Management by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 27,658 shares of the financial services provider’s stock worth $2,483,000 after buying an additional 12,324 shares during the period. DekaBank Deutsche Girozentrale grew its position in Apollo Global Management by 14.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 71,097 shares of the financial services provider’s stock valued at $6,494,000 after purchasing an additional 8,880 shares during the last quarter. Aviva PLC grew its position in Apollo Global Management by 15.5% during the 3rd quarter. Aviva PLC now owns 35,302 shares of the financial services provider’s stock valued at $3,169,000 after purchasing an additional 4,735 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Apollo Global Management during the 3rd quarter valued at about $1,506,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Apollo Global Management during the 3rd quarter valued at about $641,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the completion of the sale, the chief financial officer now directly owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Up 0.9 %

Apollo Global Management stock opened at $117.32 on Wednesday. The firm has a 50 day moving average of $112.85 and a 200 day moving average of $106.42. The firm has a market capitalization of $66.66 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 0.95 and a beta of 1.61. Apollo Global Management, Inc. has a 12-month low of $72.44 and a 12-month high of $119.69. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The company had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $827.33 million. As a group, research analysts predict that Apollo Global Management, Inc. will post 7.19 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Thursday, May 16th. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Wall Street Analyst Weigh In

Several research firms have issued reports on APO. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods upped their target price on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Barclays lowered their target price on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. BMO Capital Markets upped their target price on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $115.62.

About Apollo Global Management

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.