PGGM Investments Takes $840,000 Position in Apollo Global Management, Inc. (NYSE:APO)

PGGM Investments purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,469 shares of the financial services provider’s stock, valued at approximately $840,000.

Several other hedge funds have also recently bought and sold shares of APO. DSM Capital Partners LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter worth approximately $31,000. Blue Trust Inc. lifted its position in Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after buying an additional 221 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at $33,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at $36,000. Finally, Carolinas Wealth Consulting LLC purchased a new position in shares of Apollo Global Management during the 4th quarter valued at $38,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Down 10.7 %

APO stock opened at $103.53 on Friday. The stock has a market capitalization of $58.82 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.95 and a beta of 1.59. The company has a 50-day moving average of $118.33 and a two-hundred day moving average of $112.58. Apollo Global Management, Inc. has a 52-week low of $77.11 and a 52-week high of $126.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 17.97%. During the same quarter in the previous year, the company earned $1.54 EPS. As a group, equities research analysts anticipate that Apollo Global Management, Inc. will post 7.09 EPS for the current year.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.4625 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.79%. Apollo Global Management’s payout ratio is 20.49%.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total value of $3,338,700.00. Following the completion of the sale, the chief financial officer now directly owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group lifted their price objective on Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Jefferies Financial Group lowered their price target on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. TD Cowen lifted their target price on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Finally, StockNews.com upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Monday, July 29th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.00.

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.