Marshall Wace LLP Buys 408,105 Shares of Apollo Global Management, Inc. (NYSE:APO)

Marshall Wace LLP raised its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 74.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 955,673 shares of the financial services provider’s stock after acquiring an additional 408,105 shares during the period. Marshall Wace LLP owned about 0.17% of Apollo Global Management worth $112,836,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Curated Wealth Partners LLC grew its position in Apollo Global Management by 200.3% in the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after purchasing an additional 4,717,661 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Apollo Global Management by 4,248.9% in the fourth quarter. TD Asset Management Inc now owns 2,459,235 shares of the financial services provider’s stock valued at $229,176,000 after acquiring an additional 2,402,686 shares in the last quarter. Capital Research Global Investors increased its position in shares of Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after acquiring an additional 1,360,525 shares during the last quarter. Third Point LLC bought a new stake in Apollo Global Management during the fourth quarter worth $83,871,000. Finally, Vanguard Group Inc. boosted its position in Apollo Global Management by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock worth $3,824,342,000 after purchasing an additional 750,781 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on APO shares. Deutsche Bank Aktiengesellschaft lowered their target price on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Wells Fargo & Company started coverage on Apollo Global Management in a report on Thursday, September 12th. They issued an “overweight” rating and a $132.00 price objective for the company. TD Cowen upped their price objective on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a report on Monday, July 8th. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, UBS Group upped their price target on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $129.06.

Apollo Global Management Stock Up 0.6 %

Shares of NYSE APO opened at $125.22 on Tuesday. The firm’s fifty day moving average is $113.69 and its 200 day moving average is $113.83. Apollo Global Management, Inc. has a 52 week low of $77.11 and a 52 week high of $126.93. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market cap of $71.15 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.13 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same period last year, the company posted $1.54 earnings per share. On average, equities research analysts expect that Apollo Global Management, Inc. will post 6.62 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.48%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insider Activity at Apollo Global Management

In related news, Director Pauline Richards bought 2,351 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Profile

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.