Royal London Asset Management Ltd. Purchases 47,776 Shares of Apollo Global Management, Inc. (NYSE:APO)

Royal London Asset Management Ltd. raised its position in Apollo Global Management, Inc. (NYSE:APOFree Report) by 20.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 286,352 shares of the financial services provider’s stock after purchasing an additional 47,776 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of Apollo Global Management worth $25,709,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in APO. Vanguard Group Inc. increased its position in shares of Apollo Global Management by 87.8% during the first quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock worth $2,316,818,000 after acquiring an additional 17,476,830 shares in the last quarter. Mariner LLC acquired a new position in Apollo Global Management during the first quarter worth $353,603,000. Norges Bank acquired a new position in Apollo Global Management during the fourth quarter worth $332,126,000. State Street Corp boosted its holdings in Apollo Global Management by 91.1% during the first quarter. State Street Corp now owns 8,032,420 shares of the financial services provider’s stock worth $497,930,000 after purchasing an additional 3,829,740 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in Apollo Global Management during the first quarter worth $217,878,000. Institutional investors own 60.86% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the completion of the sale, the chief financial officer now owns 366,572 shares of the company’s stock, valued at approximately $39,989,339.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the transaction, the insider now directly owns 123,901 shares in the company, valued at approximately $13,765,401.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 14,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the transaction, the chief financial officer now owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 976,000 shares of company stock valued at $108,407,460. 8.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays increased their price target on shares of Apollo Global Management from $118.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Morgan Stanley raised their target price 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. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup lifted their target price on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, TD Cowen started coverage on shares of Apollo Global Management in a research report on Thursday, January 4th. They issued an “outperform” rating and a $115.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.92.

Get Our Latest Report on Apollo Global Management

Apollo Global Management Stock Up 2.0 %

Shares of NYSE APO opened at $110.94 on Friday. Apollo Global Management, Inc. has a one year low of $55.16 and a one year high of $115.03. 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’s 50 day simple moving average is $103.20 and its two-hundred day simple moving average is $93.40. The stock has a market capitalization of $62.96 billion, a P/E ratio of 13.19, a PEG ratio of 0.92 and a beta of 1.64.

Apollo Global Management (NYSE:APOGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $823.27 million. As a group, analysts expect that Apollo Global Management, Inc. will post 7.48 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s dividend payout ratio is presently 20.45%.

About Apollo Global Management

(Free Report)

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.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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