Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC lifted its stake in Apollo Global Management, Inc. (NYSE:APO) by 60.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,206 shares of the financial services provider’s stock after purchasing an additional 455 shares during the period. Lindbrook Capital LLC’s holdings in Apollo Global Management were worth $112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APO. Sugarloaf Wealth Management LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $31,000. Blue Trust Inc. lifted its stake in shares of Apollo Global Management by 151.4% in the fourth 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. CVA Family Office LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $34,000. Hanseatic Management Services Inc. acquired a new stake in shares of Apollo Global Management in the third quarter valued at about $39,000. Finally, Allworth Financial LP lifted its stake in shares of Apollo Global Management by 66.4% in the third quarter. Allworth Financial LP now owns 501 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 450,000 shares of the business’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 value of $49,819,500.00. Following the completion of the sale, the insider now directly owns 42,604,773 shares in the company, valued at $4,716,774,418.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Apollo Global Management news, insider Leon D. Black sold 450,000 shares of the business’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 completion of the sale, the insider now directly owns 42,604,773 shares in the company, valued at $4,716,774,418.83. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 300,000 shares of the business’s stock in a transaction that occurred on Saturday, February 24th. The stock was sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the sale, the insider now owns 43,054,773 shares of the company’s stock, valued at $4,801,037,737.23. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,426,000 shares of company stock worth $158,226,960. 8.70% of the stock is owned by company insiders.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $113.77 on Wednesday. Apollo Global Management, Inc. has a 1 year low of $57.50 and a 1 year high of $117.15. The firm has a 50 day moving average price of $111.28 and a 200 day moving average price of $98.88. The company has a market cap of $64.64 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.90 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating 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. Sell-side analysts predict that Apollo Global Management, Inc. will post 7.44 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a yield of 1.51%. Apollo Global Management’s payout ratio is 20.45%.

Analyst Ratings Changes

APO has been the subject of a number of research reports. TD Cowen initiated coverage on shares of Apollo Global Management in a research report on Thursday, January 4th. They set an “outperform” rating and a $115.00 target price for the company. Wells Fargo & Company lifted their target price 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. Citigroup lifted their target price on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Barclays lifted their target price on shares of Apollo Global Management from $122.00 to $133.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $113.25.

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.