Susquehanna Fundamental Investments LLC Purchases Shares of 5,468 Apollo Global Management, Inc. (NYSE:APO)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the 4th quarter, Holdings Channel.com reports. The fund purchased 5,468 shares of the financial services provider’s stock, valued at approximately $903,000.

A number of other hedge funds have also recently made changes to their positions in the business. Hopwood Financial Services Inc. purchased a new position in Apollo Global Management in the 4th quarter worth $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management in the fourth quarter worth about $34,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at about $37,000. Retirement Wealth Solutions LLC purchased a new stake in Apollo Global Management during the 4th quarter valued at about $39,000. Finally, HM Payson & Co. bought a new position in Apollo Global Management during the 4th quarter worth approximately $45,000. 77.06% of the stock is currently owned by institutional investors.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Lb 2018 Gst Trust acquired 607,725 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the transaction, the insider now owns 621,754 shares of the company’s stock, valued at $69,257,178.06. The trade was a 4,331.92 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the transaction, the insider now owns 34,604,773 shares of the company’s stock, valued at $4,913,877,766. This represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on APO. Wells Fargo & Company dropped their price objective on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Bank of America raised their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, April 4th. Piper Sandler lowered their price objective on shares of Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. TD Cowen dropped their target price on shares of Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Barclays reduced their price target on Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $156.25.

Apollo Global Management Price Performance

APO stock opened at $135.49 on Friday. 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 firm has a market capitalization of $77.29 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.17 and a beta of 1.66. The firm has a 50 day moving average price of $133.18 and a 200-day moving average price of $152.92. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49.

Apollo Global Management (NYSE:APO) last released its earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. During the same period last year, the firm posted $1.72 earnings per share. The company’s revenue was down 21.2% compared to the same quarter last year. Equities research analysts forecast that Apollo Global Management, Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.51 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.51%. Apollo Global Management’s payout ratio is 25.31%.

Apollo Global Management Company Profile

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.