Deutsche Bank AG Buys 21,805 Shares of Apollo Global Management, Inc. (NYSE:APO)

Deutsche Bank AG increased its stake in Apollo Global Management, Inc. (NYSE:APO) by 1.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,192,568 shares of the financial services provider’s stock after acquiring an additional 21,805 shares during the period. Deutsche Bank AG’s holdings in Apollo Global Management were worth $196,965,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of APO. Kestra Private Wealth Services LLC purchased a new position in Apollo Global Management during the 4th quarter valued at about $3,994,000. Fortress Financial Solutions LLC purchased a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $685,000. Leavell Investment Management Inc. increased its position in Apollo Global Management by 39.8% during the 4th quarter. Leavell Investment Management Inc. now owns 6,150 shares of the financial services provider’s stock valued at $1,016,000 after buying an additional 1,750 shares in the last quarter. Amundi increased its position in Apollo Global Management by 13.2% during the 4th quarter. Amundi now owns 801,260 shares of the financial services provider’s stock valued at $129,788,000 after buying an additional 93,451 shares in the last quarter. Finally, State of Michigan Retirement System purchased a new position in Apollo Global Management during the fourth quarter valued at $20,034,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lb 2018 Gst Trust bought 607,725 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now directly owns 621,754 shares in the company, valued at $69,257,178.06. This trade represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 509,000 shares of company stock worth $72,321,680. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $132.49 on Friday. The stock has a market cap of $75.58 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.17 and a beta of 1.67. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The stock’s fifty day moving average is $131.82 and its 200 day moving average is $152.48. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.02). The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The firm’s quarterly revenue was down 21.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.72 earnings per share. Sell-side analysts anticipate that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.51 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, May 16th. Apollo Global Management’s dividend payout ratio is presently 35.73%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on APO shares. Wells Fargo & Company reduced their price target on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. UBS Group dropped their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Barclays raised their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods lowered their price objective on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, TD Cowen reduced their target price on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.89.

About Apollo Global Management

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.