Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Invests $2.68 Million in Apollo Global Management Inc. $APO

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 18,850 shares of the financial services provider’s stock, valued at approximately $2,676,000.

Other large investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Apollo Global Management by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider’s stock valued at $75,347,000 after acquiring an additional 7,441 shares in the last quarter. True North Advisors LLC bought a new stake in shares of Apollo Global Management in the 1st quarter worth approximately $2,097,000. Pinnacle Financial Partners Inc boosted its position in shares of Apollo Global Management by 4.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 92,624 shares of the financial services provider’s stock worth $12,684,000 after purchasing an additional 4,341 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Apollo Global Management by 25.3% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 11,749 shares of the financial services provider’s stock worth $1,609,000 after purchasing an additional 2,375 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Apollo Global Management by 24.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock worth $490,482,000 after purchasing an additional 706,181 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of analyst reports. BMO Capital Markets initiated coverage on Apollo Global Management in a research report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price target on the stock. Evercore ISI boosted their price target on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Barclays dropped their price target on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.57.

Apollo Global Management Stock Performance

APO stock opened at $122.97 on Friday. The stock has a market capitalization of $70.34 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $189.49. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $132.91 and its 200 day simple moving average is $135.85.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.08. The business had revenue of $6,550,000 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.During the same period in the prior year, the firm posted $1.64 EPS. As a group, research analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a dividend of $0.51 per share. The ex-dividend date was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s payout ratio is currently 38.13%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the sale, the insider directly owned 83,192 shares in the company, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the sale, the chief financial officer owned 332,399 shares of the company’s stock, valued at approximately $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 935,000 shares of company stock worth $125,543,790. Insiders own 8.20% of the company’s stock.

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.