Yousif Capital Management LLC Acquires 368 Shares of Apollo Global Management, Inc. (NYSE:APO)

Yousif Capital Management LLC raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,502 shares of the financial services provider’s stock after acquiring an additional 368 shares during the quarter. Yousif Capital Management LLC’s holdings in Apollo Global Management were worth $699,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APO. Cambridge Investment Research Advisors Inc. boosted its stake in Apollo Global Management by 3.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 35,215 shares of the financial services provider’s stock valued at $3,161,000 after acquiring an additional 1,334 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Apollo Global Management by 2.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 95,478 shares of the financial services provider’s stock valued at $8,570,000 after acquiring an additional 1,860 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Apollo Global Management by 20.5% during the third quarter. Stratos Wealth Partners LTD. now owns 6,874 shares of the financial services provider’s stock worth $617,000 after purchasing an additional 1,170 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Apollo Global Management by 5.8% during the third quarter. Bank of New York Mellon Corp now owns 2,121,839 shares of the financial services provider’s stock worth $190,456,000 after purchasing an additional 116,062 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Apollo Global Management by 10.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,082 shares of the financial services provider’s stock worth $13,741,000 after purchasing an additional 13,885 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Wells Fargo & Company lifted 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. Barclays reduced their price target on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lifted their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $114.31.

Insider Transactions at Apollo Global Management

In related news, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the sale, the insider now directly owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the sale, the insider now owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Whitney Chatterjee sold 12,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the sale, the insider now directly owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The disclosure for this sale can be found here. Insiders have sold 1,426,000 shares of company stock worth $158,226,960 in the last ninety days. Insiders own 8.70% of the company’s stock.

Apollo Global Management Stock Down 2.3 %

Shares of APO stock opened at $109.46 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management, Inc. has a 1 year low of $57.50 and a 1 year high of $117.15. The firm’s fifty day moving average price is $111.11 and its two-hundred day moving average price is $100.05. The firm has a market capitalization of $62.19 billion, a P/E ratio of 12.12, a PEG ratio of 0.92 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.11. Apollo Global Management had a net margin of 16.27% and a return on equity of 20.77%. The firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. On average, equities analysts predict that Apollo Global Management, Inc. will post 7.43 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a dividend of $0.463 per share. The ex-dividend date is Thursday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a dividend yield of 1.69%. Apollo Global Management’s payout ratio is currently 19.05%.

Apollo Global Management 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.