Apollo Global Management Inc. $APO Shares Purchased by Senator Investment Group LP

Senator Investment Group LP boosted its holdings in Apollo Global Management Inc. (NYSE:APO) by 59.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 537,070 shares of the financial services provider’s stock after purchasing an additional 199,798 shares during the quarter. Apollo Global Management accounts for about 3.1% of Senator Investment Group LP’s portfolio, making the stock its 12th biggest position. Senator Investment Group LP’s holdings in Apollo Global Management were worth $77,746,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management in the 4th quarter worth approximately $29,000. Physician Wealth Advisors Inc. grew its stake in shares of Apollo Global Management by 57.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 96 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Apollo Global Management in the 4th quarter worth approximately $42,000. City Holding Co. grew its stake in shares of Apollo Global Management by 391.9% in the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 243 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Apollo Global Management by 54.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 366 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 129 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

APO stock opened at $136.31 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market cap of $78.58 billion, a P/E ratio of 86.82, a P/E/G ratio of 1.15 and a beta of 1.50. The firm has a 50 day simple moving average of $125.60 and a 200 day simple moving average of $128.01. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company posted $1.82 earnings per share. Research analysts anticipate that Apollo Global Management Inc. will post 8.28 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is presently 143.31%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings cut shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Evercore reaffirmed an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Morgan Stanley lowered their price objective on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $151.23.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the sale, the insider directly owned 3,063,696 shares in the company, valued at $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is owned by company insiders.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.