Allspring Global Investments Holdings LLC Purchases 111,001 Shares of Apollo Global Management, Inc. (NYSE:APO)

Allspring Global Investments Holdings LLC raised its position in Apollo Global Management, Inc. (NYSE:APO) by 2,708.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,099 shares of the financial services provider’s stock after purchasing an additional 111,001 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Apollo Global Management were worth $10,726,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC bought a new stake in Apollo Global Management in the fourth quarter valued at approximately $31,000. CVA Family Office LLC bought a new stake in Apollo Global Management in the fourth quarter valued at approximately $34,000. Blue Trust Inc. increased its stake in 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 in the last quarter. Parkside Financial Bank & Trust increased its stake in Apollo Global Management by 7,183.3% in the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 431 shares in the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in Apollo Global Management in the third quarter valued at approximately $39,000. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Apollo Global Management in a report on Wednesday, February 28th. They issued an “overweight” rating and a $122.00 price target for the company. Barclays upped their price target on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Morgan Stanley upped their price target on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Finally, Wells Fargo & Company upped their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.25.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the stock in a transaction on 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 in the company, valued at $158,782,826.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider James C. Zelter sold 150,000 shares of the 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 transaction, the insider now directly owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leon D. Black sold 300,000 shares of the stock in a transaction dated Saturday, February 24th. The shares were sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the completion of the transaction, the insider now directly owns 43,054,773 shares in the company, valued at $4,801,037,737.23. 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 quarter. 8.70% of the stock is currently owned by insiders.

Apollo Global Management Stock Performance

Shares of APO stock opened at $107.82 on Wednesday. The stock has a market cap of $61.26 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.91 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. The company has a fifty day moving average price of $111.19 and a two-hundred day moving average price of $98.15. Apollo Global Management, Inc. has a one year low of $57.50 and a one year high of $117.15.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. As a group, equities analysts predict that Apollo Global Management, Inc. will post 7.5 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s dividend payout ratio is currently 20.45%.

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.