Apollo Global Management Inc. $APO Holdings Boosted by Overbrook Management Corp

Overbrook Management Corp boosted its holdings in Apollo Global Management Inc. (NYSE:APO) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,821 shares of the financial services provider’s stock after acquiring an additional 1,426 shares during the period. Apollo Global Management comprises about 2.3% of Overbrook Management Corp’s investment portfolio, making the stock its 18th biggest holding. Overbrook Management Corp’s holdings in Apollo Global Management were worth $12,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Tritonpoint Wealth LLC increased its stake in shares of Apollo Global Management by 13.6% in the second quarter. Tritonpoint Wealth LLC now owns 1,804 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 216 shares during the period. Worth Financial Advisory Group LLC acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $239,000. Tempus Wealth Planning LLC increased its stake in shares of Apollo Global Management by 3.0% in the second quarter. Tempus Wealth Planning LLC now owns 4,315 shares of the financial services provider’s stock valued at $612,000 after purchasing an additional 125 shares during the period. LVW Advisors LLC acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $208,000. Finally, Signaturefd LLC increased its stake in shares of Apollo Global Management by 3.9% in the second quarter. Signaturefd LLC now owns 9,780 shares of the financial services provider’s stock valued at $1,387,000 after purchasing an additional 364 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 1.1%

Shares of NYSE:APO opened at $137.65 on Monday. The stock has a market capitalization of $78.74 billion, a PE ratio of 25.73, a P/E/G ratio of 1.48 and a beta of 1.69. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $189.49. The firm has a fifty day moving average price of $140.32 and a 200 day moving average price of $137.24. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.08. The firm had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same quarter in the previous year, the business earned $1.64 EPS. Analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, August 18th. Apollo Global Management’s dividend payout ratio is 38.13%.

Analysts Set New Price Targets

APO has been the topic of several analyst reports. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Evercore ISI raised their price objective on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Barclays raised their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Citigroup raised their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. Finally, Wells Fargo & Company lifted their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.27.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 15,500 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer owned 332,399 shares of the company’s stock, valued at $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Leon D. Black sold 915,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the sale, the insider directly owned 4,526,000 shares in the company, valued at $606,619,780. This represents a 16.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 935,000 shares of company stock valued at $125,543,790 over the last quarter. Corporate insiders own 8.50% 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.