GAMMA Investing LLC Raises Stock Holdings in Apollo Global Management Inc. (NYSE:APO)

GAMMA Investing LLC grew its stake in Apollo Global Management Inc. (NYSE:APO) by 61.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,478 shares of the financial services provider’s stock after acquiring an additional 1,710 shares during the quarter. GAMMA Investing LLC’s holdings in Apollo Global Management were worth $613,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC purchased a new position in Apollo Global Management during the fourth quarter worth about $25,000. Hopwood Financial Services Inc. purchased a new position in Apollo Global Management during the fourth quarter worth about $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management during the fourth quarter worth about $34,000. HM Payson & Co. purchased a new position in Apollo Global Management during the fourth quarter worth about $45,000. Finally, Colonial Trust Co SC lifted its position in Apollo Global Management by 29.2% during the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider’s stock worth $58,000 after buying an additional 79 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Down 0.5%

Shares of NYSE:APO opened at $142.22 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a 50 day moving average of $135.00 and a two-hundred day moving average of $145.42. The company has a market capitalization of $81.28 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.48 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same period last year, the business earned $1.72 EPS. The firm’s revenue was down 21.2% compared to the same quarter last year. As a group, analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a yield of 1.43%. Apollo Global Management’s dividend payout ratio (DPR) is 35.73%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the sale, the chief financial officer owned 373,164 shares of the company’s stock, valued at $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the transaction, the insider directly owned 621,754 shares of the company’s stock, valued at $69,257,178.06. This represents a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on APO shares. Bank of America increased their target price on Apollo Global Management from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. Morgan Stanley reduced their target price on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. UBS Group reduced their target price on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Raymond James Financial assumed coverage on Apollo Global Management in a report on Thursday, April 10th. They issued a “strong-buy” rating and a $173.00 price objective on the stock. Finally, Citigroup reduced their price objective on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $159.00.

Apollo Global Management Company 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.