Fort Washington Investment Advisors Inc. OH Takes Position in Apollo Global Management, Inc. (NYSE:APO)

Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,413 shares of the financial services provider’s stock, valued at approximately $225,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Sugarloaf Wealth Management LLC purchased a new stake in Apollo Global Management in the fourth quarter valued at $31,000. CVA Family Office LLC acquired a new position in Apollo Global Management in the fourth quarter valued at about $34,000. Parkside Financial Bank & Trust boosted its stake in Apollo Global Management by 7,183.3% during the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after buying an additional 431 shares during the period. Hanseatic Management Services Inc. acquired a new stake in shares of Apollo Global Management during the third quarter valued at about $39,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Apollo Global Management during the first quarter valued at about $30,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on APO shares. Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Barclays boosted their price objective on Apollo Global Management from $118.00 to $122.00 and gave the company an “overweight” rating in a report on Monday, February 12th. TD Cowen assumed coverage on Apollo Global Management in a report on Thursday, January 4th. They set an “outperform” rating and a $115.00 target price for the company. Morgan Stanley lifted their target price on Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company increased their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $107.92.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 450,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the sale, the insider now owns 42,604,773 shares of the company’s stock, valued at $4,716,774,418.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the sale, the chief financial officer now directly owns 366,572 shares of the company’s stock, valued at approximately $39,989,339.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon D. Black sold 450,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total value of $49,819,500.00. Following the transaction, the insider now owns 42,604,773 shares in the company, valued at approximately $4,716,774,418.83. The disclosure for this sale can be found here. Insiders sold a total of 1,426,000 shares of company stock worth $158,226,960 over the last 90 days. 8.70% of the stock is owned by insiders.

Apollo Global Management Stock Down 0.3 %

Shares of Apollo Global Management stock opened at $113.57 on Thursday. Apollo Global Management, Inc. has a 52-week low of $57.50 and a 52-week high of $116.55. The company has a 50 day moving average of $107.87 and a 200 day moving average of $96.03. The company has a market capitalization of $64.53 billion, a P/E ratio of 13.50, a P/E/G ratio of 0.95 and a beta of 1.64. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. As a group, research analysts forecast that Apollo Global Management, Inc. will post 7.48 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.45%.

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.