Apollo Global Management Inc. $APO Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC boosted its holdings in Apollo Global Management Inc. (NYSE:APO) by 0.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,039 shares of the financial services provider’s stock after purchasing an additional 183 shares during the quarter. Bleakley Financial Group LLC’s holdings in Apollo Global Management were worth $2,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of Apollo Global Management in the first quarter valued at approximately $370,543,000. Nuveen LLC acquired a new stake in shares of Apollo Global Management in the first quarter valued at approximately $342,335,000. Vanguard Group Inc. boosted its holdings in shares of Apollo Global Management by 2.0% in the first quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider’s stock valued at $6,303,186,000 after acquiring an additional 893,428 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Apollo Global Management by 24.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock valued at $490,482,000 after acquiring an additional 706,181 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Apollo Global Management by 33.0% in the first quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock valued at $338,737,000 after acquiring an additional 613,124 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APO has been the subject of several research analyst reports. Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Evercore ISI increased their price objective on Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Barclays decreased their price objective on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Friday. Finally, Morgan Stanley decreased their price objective on Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $162.57.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $125.06 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a fifty day moving average price of $132.63 and a 200 day moving average price of $135.95. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49. The company has a market cap of $71.54 billion, a PE ratio of 23.38, a P/E/G ratio of 1.41 and a beta of 1.68.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The firm had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $1.64 earnings per share. Sell-side analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.51 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.6%. Apollo Global Management’s dividend payout ratio is presently 38.13%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the transaction, the insider owned 83,192 shares in the company, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 15,500 shares of the stock in a transaction on Tuesday, August 12th. The stock was 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. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 935,000 shares of company stock worth $125,543,790. 8.20% of the stock is owned by corporate insiders.

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.