Crossmark Global Holdings Inc. Acquires 1,773 Shares of Apollo Global Management Inc. (NYSE:APO)

Crossmark Global Holdings Inc. lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 46.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,593 shares of the financial services provider's stock after purchasing an additional 1,773 shares during the period. Crossmark Global Holdings Inc.'s holdings in Apollo Global Management were worth $766,000 at the end of the most recent reporting period.

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Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Apollo Global Management by 8.9% during the fourth quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock valued at $7,454,560,000 after acquiring an additional 3,691,700 shares during the period. Geode Capital Management LLC lifted its stake in shares of Apollo Global Management by 64.6% during the fourth quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock valued at $1,550,316,000 after acquiring an additional 3,695,979 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Apollo Global Management by 36.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock valued at $1,065,615,000 after acquiring an additional 1,739,807 shares during the period. Northern Trust Corp lifted its stake in shares of Apollo Global Management by 50.0% during the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock valued at $723,853,000 after acquiring an additional 1,460,689 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Apollo Global Management by 245.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock valued at $438,196,000 after acquiring an additional 1,886,146 shares during the period. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Down 0.7%

Shares of Apollo Global Management stock opened at $147.21 on Friday. Apollo Global Management Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The business has a 50-day moving average of $137.02 and a two-hundred day moving average of $144.06. The company has a market capitalization of $84.13 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 1.62 and a beta of 1.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36.

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Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.45% and a net margin of 14.59%. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. During the same quarter last year, the company earned $1.72 earnings per share. The firm's revenue was down 21.2% compared to the same quarter last year. As a group, equities analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, May 16th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.39%. Apollo Global Management's dividend payout ratio (DPR) is presently 35.73%.

Analysts Set New Price Targets

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Several equities analysts have recently issued reports on the company. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Morgan Stanley cut their price target on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company upped their price target on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research note on Friday. Piper Sandler cut their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Citigroup increased their target price on Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $161.00.

View Our Latest Analysis on APO

Insider Activity

In related news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total transaction of $530,280.00. Following the completion of the transaction, the chief financial officer directly owned 373,164 shares in the company, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.20% of the company's stock.

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.

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