Vanguard Personalized Indexing Management LLC Purchases 4,593 Shares of Apollo Global Management, Inc. (NYSE:APO)

Vanguard Personalized Indexing Management LLC increased its position in Apollo Global Management, Inc. (NYSE:APO) by 29.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,106 shares of the financial services provider’s stock after purchasing an additional 4,593 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Apollo Global Management were worth $2,363,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Los Angeles Capital Management LLC grew its holdings in shares of Apollo Global Management by 112.3% during the first quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock valued at $117,558,000 after buying an additional 552,893 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Apollo Global Management by 5.6% during the 4th quarter. Wells Fargo & Company MN now owns 950,731 shares of the financial services provider’s stock valued at $88,599,000 after purchasing an additional 50,008 shares during the last quarter. CenterBook Partners LP increased its holdings in Apollo Global Management by 59.9% during the 4th quarter. CenterBook Partners LP now owns 20,739 shares of the financial services provider’s stock worth $1,933,000 after purchasing an additional 7,769 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Apollo Global Management by 49.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 52,576 shares of the financial services provider’s stock worth $4,900,000 after purchasing an additional 17,361 shares during the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Apollo Global Management by 33.1% in the fourth quarter. Intech Investment Management LLC now owns 75,369 shares of the financial services provider’s stock valued at $7,024,000 after purchasing an additional 18,751 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Barclays lowered their target price on shares of Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. TD Cowen boosted their price target on shares of Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Argus decreased their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Finally, StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $129.06.

Apollo Global Management Trading Up 2.4 %

Shares of APO opened at $124.54 on Friday. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $126.45. The business has a 50-day moving average of $113.56 and a 200 day moving average of $113.57. The firm has a market cap of $70.76 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

Apollo Global Management (NYSE:APO) last posted 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 during the quarter, compared to analysts’ expectations of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter in the previous year, the business earned $1.54 EPS. As a group, research analysts forecast that Apollo Global Management, Inc. will post 6.62 EPS for the current year.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s payout ratio is currently 20.49%.

Insider Transactions at Apollo Global Management

In related news, Director Pauline Richards purchased 2,351 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the transaction, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.50% of the company’s stock.

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.