Citigroup Inc. Purchases 1,644 Shares of Apollo Global Management, Inc. (NYSE:APO)

Citigroup Inc. increased its stake in Apollo Global Management, Inc. (NYSE:APO) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,182 shares of the financial services provider’s stock after purchasing an additional 1,644 shares during the period. Citigroup Inc.’s holdings in Apollo Global Management were worth $16,812,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its stake in Apollo Global Management by 113.8% in the 1st quarter. SG Americas Securities LLC now owns 78,917 shares of the financial services provider’s stock worth $4,984,000 after purchasing an additional 42,011 shares in the last quarter. Signaturefd LLC boosted its stake in Apollo Global Management by 24.9% in the 1st quarter. Signaturefd LLC now owns 7,028 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 1,403 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Apollo Global Management by 8.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 358,522 shares of the financial services provider’s stock worth $22,870,000 after purchasing an additional 29,010 shares in the last quarter. Barclays PLC boosted its stake in Apollo Global Management by 23.0% in the 4th quarter. Barclays PLC now owns 552,830 shares of the financial services provider’s stock worth $35,263,000 after purchasing an additional 103,322 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in Apollo Global Management by 0.4% in the 1st quarter. Credit Suisse AG now owns 834,604 shares of the financial services provider’s stock worth $52,714,000 after purchasing an additional 3,291 shares in the last quarter. 60.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider James C. Zelter sold 3,010 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $77.51, for a total value of $233,305.10. Following the completion of the sale, the insider now owns 5,776,159 shares of the company’s stock, valued at approximately $447,710,084.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider James C. Zelter sold 3,010 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $77.51, for a total value of $233,305.10. Following the completion of the sale, the insider now owns 5,776,159 shares of the company’s stock, valued at approximately $447,710,084.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James C. Zelter sold 11,093 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $77.53, for a total transaction of $860,040.29. Following the completion of the sale, the insider now directly owns 5,779,169 shares of the company’s stock, valued at approximately $448,058,972.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,959 shares of company stock valued at $8,719,609. 8.70% of the stock is owned by corporate insiders.

Apollo Global Management Price Performance

NYSE:APO opened at $83.65 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $47.41 billion, a price-to-earnings ratio of 39.64, a price-to-earnings-growth ratio of 0.59 and a beta of 1.67. The company has a 50 day moving average price of $79.86 and a 200-day moving average price of $70.67. Apollo Global Management, Inc. has a 1-year low of $45.62 and a 1-year high of $87.82.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.06). The firm had revenue of $793.00 million for the quarter, compared to analysts’ expectations of $781.82 million. Apollo Global Management had a net margin of 4.91% and a return on equity of 109.78%. Equities research analysts forecast that Apollo Global Management, Inc. will post 6.3 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 18th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, August 17th. Apollo Global Management’s payout ratio is presently 81.52%.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Apollo Global Management from a “c+” rating to a “b-” rating in a research note on Tuesday, June 20th. StockNews.com initiated coverage on shares of Apollo Global Management in a research report on Thursday, August 17th. They set a “hold” rating for the company. The Goldman Sachs Group raised their price target on shares of Apollo Global Management from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Barclays raised their price target on shares of Apollo Global Management from $92.00 to $104.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Finally, Morgan Stanley raised their price target on shares of Apollo Global Management from $81.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $84.79.

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.