Ballentine Partners LLC Takes $286,000 Position in Apollo Global Management, Inc. (NYSE:APO)

Ballentine Partners LLC purchased a new stake in Apollo Global Management, Inc. (NYSE:APO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,544 shares of the financial services provider’s stock, valued at approximately $286,000.

Other institutional investors have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC acquired a new position in shares of Apollo Global Management in the fourth quarter worth about $31,000. DSM Capital Partners LLC purchased a new stake in shares of Apollo Global Management in the 4th quarter valued at approximately $31,000. True Wealth Design LLC purchased a new position in Apollo Global Management during the 4th quarter worth approximately $33,000. CVA Family Office LLC acquired a new stake in Apollo Global Management during the 4th quarter valued at $34,000. Finally, Blue Trust Inc. raised its stake in Apollo Global Management by 151.4% during the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 221 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.2 %

APO opened at $118.46 on Wednesday. The firm has a market cap of $67.30 billion, a P/E ratio of 13.12, a price-to-earnings-growth ratio of 0.97 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. The business has a 50 day moving average price of $113.71 and a 200 day moving average price of $107.55. Apollo Global Management, Inc. has a twelve month low of $72.76 and a twelve month high of $119.69.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.21). The firm had revenue of $839.00 million for the quarter, compared to the consensus estimate of $827.33 million. Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. Research analysts forecast that Apollo Global Management, Inc. will post 7.14 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.463 dividend. The ex-dividend date of this dividend was Thursday, May 16th. 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 dividend yield of 1.56%. Apollo Global Management’s payout ratio is presently 20.49%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on APO shares. JPMorgan Chase & Co. lifted their price target on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. BMO Capital Markets upped their target price on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Evercore ISI upped their price objective on shares of Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $115.62.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total value of $3,338,700.00. Following the sale, the chief financial officer now owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.50% of the stock is owned by insiders.

Apollo Global Management Company Profile

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.