Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,410 shares of the financial services provider’s stock after purchasing an additional 1,685 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Apollo Global Management were worth $3,579,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale increased its stake in Apollo Global Management by 1.3% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 72,012 shares of the financial services provider’s stock valued at $6,744,000 after purchasing an additional 915 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in shares of Apollo Global Management by 39.9% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 9,034 shares of the financial services provider’s stock worth $842,000 after acquiring an additional 2,575 shares during the last quarter. Fulton Bank N.A. grew its position in shares of Apollo Global Management by 3.9% during the fourth quarter. Fulton Bank N.A. now owns 4,583 shares of the financial services provider’s stock worth $427,000 after acquiring an additional 170 shares during the last quarter. Park Place Capital Corp grew its position in Apollo Global Management by 2.1% in the 4th quarter. Park Place Capital Corp now owns 8,611 shares of the financial services provider’s stock valued at $802,000 after buying an additional 173 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Apollo Global Management by 9,135.9% in the 4th quarter. International Assets Investment Management LLC now owns 290,100 shares of the financial services provider’s stock valued at $270,340,000 after buying an additional 286,959 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling

In related news, insider James C. Zelter sold 150,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction that occurred 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 transaction, the insider now owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Leon D. Black sold 300,000 shares of Apollo Global Management stock in a transaction that occurred on 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 approximately $4,801,037,737.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. 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. 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. Wells Fargo & Company upped their price objective on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. TD Cowen started coverage on shares of Apollo Global Management in a research note on Thursday, January 4th. They set an “outperform” rating and a $115.00 price objective for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Apollo Global Management in a research note on Wednesday, February 28th. They set an “overweight” rating and a $122.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.25.

Apollo Global Management Price Performance

NYSE APO opened at $107.82 on Wednesday. The company has a 50 day simple moving average of $111.19 and a 200-day simple moving average of $98.15. 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 firm has a market capitalization of $61.26 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.91 and a beta of 1.63. Apollo Global Management, Inc. has a 52-week low of $57.50 and a 52-week high of $117.15.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The firm had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. Equities research analysts predict that Apollo Global Management, Inc. will post 7.5 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed 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 1.60%. Apollo Global Management’s dividend payout ratio is currently 20.45%.

About Apollo Global Management

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.