First Trust Direct Indexing L.P. Has $371,000 Stake in Apollo Global Management, Inc. (NYSE:APO)

First Trust Direct Indexing L.P. grew its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 32.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,984 shares of the financial services provider’s stock after buying an additional 969 shares during the period. First Trust Direct Indexing L.P.’s holdings in Apollo Global Management were worth $371,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC acquired a new position in Apollo Global Management in the 4th quarter valued at approximately $31,000. CVA Family Office LLC acquired a new position in shares of Apollo Global Management in the fourth quarter valued at $34,000. Blue Trust Inc. raised its stake in shares of 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. Hanseatic Management Services Inc. bought a new position in Apollo Global Management in the third quarter worth $39,000. Finally, GAMMA Investing LLC acquired a new stake in Apollo Global Management during the fourth quarter worth $50,000. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Friday. Wells Fargo & Company increased 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. Citigroup lifted their price objective on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Finally, BMO Capital Markets boosted their price target on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and a consensus price target of $114.31.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $111.48 on Tuesday. The firm has a fifty day moving average of $111.12 and a two-hundred day moving average of $100.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market capitalization of $63.34 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 0.92 and a beta of 1.61. Apollo Global Management, Inc. has a 52 week low of $59.89 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, beating analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.77% and a net margin of 16.27%. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. As a group, equities research analysts predict that Apollo Global Management, Inc. will post 7.43 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.66%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 16th. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.05%.

Insider Buying and Selling

In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the company’s 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 completion of the sale, the insider now 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 can be accessed through the SEC website. In other news, CFO Martin Kelly sold 14,000 shares of Apollo Global Management stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the transaction, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the insider now directly owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The disclosure for this sale can be found here. Insiders have sold 1,426,000 shares of company stock valued at $158,226,960 in the last 90 days. 8.70% of the stock is owned by insiders.

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.