AM Investment Strategies LLC Has $4.99 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

AM Investment Strategies LLC grew its stake in Apollo Global Management, Inc. (NYSE:APO) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,577 shares of the financial services provider’s stock after buying an additional 251 shares during the period. Apollo Global Management makes up approximately 1.4% of AM Investment Strategies LLC’s holdings, making the stock its 14th biggest position. AM Investment Strategies LLC’s holdings in Apollo Global Management were worth $4,993,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth about $31,000. Blue Trust Inc. increased 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 worth $33,000 after purchasing an additional 221 shares during the period. CVA Family Office LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth about $34,000. Hanseatic Management Services Inc. bought a new position in shares of Apollo Global Management in the third quarter worth about $39,000. Finally, Allworth Financial LP increased its stake in shares of Apollo Global Management by 66.4% in the third quarter. Allworth Financial LP now owns 501 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on Apollo Global Management in a research note on Thursday, January 4th. They issued an “outperform” rating and a $115.00 price objective on the stock. Citigroup upped their price target on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Morgan Stanley upped their price target on 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 upped their price target on Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, Wells Fargo & Company upped their price target on Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $113.33.

Insider Buying and Selling

In other Apollo Global Management news, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following the transaction, the insider now directly owns 123,901 shares in the company, valued at approximately $13,765,401.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Whitney Chatterjee sold 12,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following 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 the SEC website. Also, insider Leon D. Black sold 300,000 shares of the firm’s stock in a transaction on Saturday, February 24th. The stock was sold at an average price of $111.51, for a total value of $33,453,000.00. Following the completion of the transaction, the insider now owns 43,054,773 shares in the company, valued at $4,801,037,737.23. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,000 shares of company stock worth $158,226,960 in the last three months. Insiders own 8.70% of the company’s stock.

Apollo Global Management Price Performance

Shares of APO traded down $0.84 during mid-day trading on Thursday, reaching $111.88. The company had a trading volume of 1,399,119 shares, compared to its average volume of 2,333,450. Apollo Global Management, Inc. has a twelve month low of $57.50 and a twelve month high of $117.15. 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 company’s 50-day moving average is $111.24 and its 200-day moving average is $99.07. The company has a market capitalization of $63.57 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.95 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. On average, equities analysts anticipate that Apollo Global Management, Inc. will post 7.44 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a yield of 1.54%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.45%.

About Apollo Global Management

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.