Todd Asset Management LLC Has $23.09 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Todd Asset Management LLC boosted its stake in Apollo Global Management, Inc. (NYSE:APO) by 144.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 247,812 shares of the financial services provider’s stock after buying an additional 146,373 shares during the period. Todd Asset Management LLC’s holdings in Apollo Global Management were worth $23,094,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Strategic Blueprint LLC increased its stake in shares of Apollo Global Management by 42.4% during the fourth quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider’s stock worth $4,341,000 after purchasing an additional 13,870 shares during the period. Nordea Investment Management AB increased its position in Apollo Global Management by 129.8% during the 4th quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider’s stock worth $61,497,000 after buying an additional 371,721 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Apollo Global Management by 39.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 185,206 shares of the financial services provider’s stock worth $17,259,000 after buying an additional 52,063 shares in the last quarter. Raymond James & Associates boosted its position in shares of Apollo Global Management by 3.5% in the fourth quarter. Raymond James & Associates now owns 1,073,419 shares of the financial services provider’s stock valued at $100,032,000 after acquiring an additional 36,748 shares during the period. Finally, Pathstone Family Office LLC grew its stake in shares of Apollo Global Management by 28.6% in the third quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 6,000 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on APO shares. Barclays dropped their price objective on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Friday. Evercore ISI lifted their price target on shares of Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday. Keefe, Bruyette & Woods increased their price target on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. BMO Capital Markets raised their price objective on Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Finally, Citigroup upped their target price on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $114.31.

Apollo Global Management Price Performance

NYSE:APO traded down $2.61 during trading hours on Friday, hitting $109.46. The company’s stock had a trading volume of 3,300,741 shares, compared to its average volume of 2,078,355. 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 stock has a fifty day simple moving average of $111.11 and a 200-day simple moving average of $100.05. The company has a market capitalization of $62.19 billion, a P/E ratio of 12.12, a PEG ratio of 0.92 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results 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. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. Apollo Global Management had a net margin of 16.27% and a return on equity of 20.77%. On average, analysts anticipate that Apollo Global Management, Inc. will post 7.43 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.69%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, May 16th. Apollo Global Management’s dividend payout ratio is presently 19.05%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total value of $55,720,000.00. Following the completion of the transaction, the insider now owns 44,104,773 shares of the company’s stock, valued at approximately $4,915,035,903.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Whitney Chatterjee sold 12,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were 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 owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total transaction of $55,720,000.00. Following the transaction, the insider now owns 44,104,773 shares in the company, valued at approximately $4,915,035,903.12. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,000 shares of company stock valued at $158,226,960 in the last 90 days. 8.70% of the stock is owned by corporate insiders.

Apollo Global Management Profile

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.