1,869 Shares in Apollo Global Management, Inc. (NYSE:APO) Acquired by Claro Advisors LLC

Claro Advisors LLC purchased a new position in Apollo Global Management, Inc. (NYSE:APO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,869 shares of the financial services provider’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in APO. Los Angeles Capital Management LLC boosted its stake in Apollo Global Management by 112.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock valued at $117,558,000 after purchasing an additional 552,893 shares during the last quarter. Strategic Blueprint LLC boosted its stake in Apollo Global Management by 42.4% during the 4th quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider’s stock valued at $4,341,000 after purchasing an additional 13,870 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Apollo Global Management by 287.5% during the 4th quarter. Principal Financial Group Inc. now owns 307,786 shares of the financial services provider’s stock valued at $28,683,000 after purchasing an additional 228,367 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Apollo Global Management by 5.6% during the 4th quarter. Wells Fargo & Company MN now owns 950,731 shares of the financial services provider’s stock valued at $88,599,000 after purchasing an additional 50,008 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Apollo Global Management by 129.8% during the 4th quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock valued at $61,497,000 after purchasing an additional 371,721 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on APO shares. BMO Capital Markets increased their target price on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. StockNews.com upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. raised their price target on Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods raised their price target on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, Jefferies Financial Group dropped their price target on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $115.62.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $120.03 on Wednesday. Apollo Global Management, Inc. has a one year low of $73.77 and a one year high of $120.18. The stock’s fifty day moving average is $114.63 and its 200 day moving average is $108.45. The stock has a market cap of $68.20 billion, a P/E ratio of 13.29, a P/E/G ratio of 0.98 and a beta of 1.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60.

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

Apollo Global Management Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, May 16th. This is a boost 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 1.54%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

Insider Buying and Selling at Apollo Global Management

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

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.