Apollo Global Management Inc. $APO is Blue Whale Capital LLP’s 5th Largest Position

Blue Whale Capital LLP boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 9.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 681,533 shares of the financial services provider’s stock after buying an additional 58,038 shares during the quarter. Apollo Global Management makes up approximately 6.3% of Blue Whale Capital LLP’s investment portfolio, making the stock its 5th biggest holding. Blue Whale Capital LLP owned about 0.12% of Apollo Global Management worth $96,689,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Boston Partners purchased a new stake in Apollo Global Management during the first quarter worth $370,543,000. Nuveen LLC purchased a new position in shares of Apollo Global Management in the 1st quarter valued at $342,335,000. Vanguard Group Inc. raised its position in shares of Apollo Global Management by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider’s stock worth $6,303,186,000 after acquiring an additional 893,428 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Apollo Global Management by 24.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock worth $490,482,000 after purchasing an additional 706,181 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Apollo Global Management by 33.0% during the 1st quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock worth $338,737,000 after purchasing an additional 613,124 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Activity

In related news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the sale, the insider owned 4,526,000 shares of the company’s stock, valued at $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.20% of the stock is currently owned by insiders.

Apollo Global Management Price Performance

Shares of APO opened at $130.56 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The company’s fifty day moving average price is $129.41 and its 200-day moving average price is $135.97. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49. The firm has a market capitalization of $75.78 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. Apollo Global Management’s dividend payout ratio is currently 29.82%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on APO. Keefe, Bruyette & Woods lifted their target price on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Tuesday. Barclays lifted their price objective on shares of Apollo Global Management from $158.00 to $159.00 and gave the stock an “overweight” rating in a research report on Tuesday. Citigroup reduced their price objective on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, BMO Capital Markets set a $136.00 target price on shares of Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.85.

Apollo Global Management 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.