25,339 Shares in Apollo Global Management, Inc. (NYSE:APO) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 25,339 shares of the financial services provider's stock, valued at approximately $2,992,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Apollo Global Management by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider's stock worth $3,824,342,000 after acquiring an additional 750,781 shares during the last quarter. Capital International Investors boosted its stake in shares of Apollo Global Management by 2.1% in the fourth quarter. Capital International Investors now owns 10,775,413 shares of the financial services provider's stock worth $1,004,161,000 after acquiring an additional 218,566 shares during the last quarter. Putnam Investments LLC grew its holdings in shares of Apollo Global Management by 2.8% during the fourth quarter. Putnam Investments LLC now owns 5,939,220 shares of the financial services provider's stock worth $553,476,000 after buying an additional 164,400 shares in the last quarter. Capital Research Global Investors grew its stake in Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider's stock valued at $532,852,000 after acquiring an additional 1,360,525 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in Apollo Global Management by 3.8% in the 2nd quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider's stock valued at $318,522,000 after buying an additional 97,797 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Buying and Selling

In related news, Director Pauline Richards acquired 2,351 shares of the firm's stock in a transaction on Tuesday, August 6th. The stock was bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now owns 85,854 shares of the company's stock, valued at $9,007,801.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APO. Keefe, Bruyette & Woods raised their target price on Apollo Global Management from $134.00 to $141.00 and gave the stock an "outperform" rating in a research note on Friday, July 12th. Evercore ISI upped their price objective on Apollo Global Management from $128.00 to $130.00 and gave the stock an "outperform" rating in a research report on Monday, July 15th. UBS Group lifted their price target on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 10th. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $129.06.

Apollo Global Management Stock Performance

Shares of NYSE APO traded up $4.03 during trading hours on Thursday, reaching $121.58. The stock had a trading volume of 2,236,125 shares, compared to its average volume of 2,532,060. The firm has a market cap of $69.08 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.13 and a beta of 1.61. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $126.45. The firm has a 50-day moving average of $113.55 and a 200-day moving average of $113.52. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.67 by ($0.03). The business had revenue of $6.02 billion for 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 last year, the business posted $1.54 earnings per share. Equities research analysts predict that Apollo Global Management, Inc. will post 6.62 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.52%. Apollo Global Management's dividend payout ratio (DPR) is 20.49%.

Apollo Global Management 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.