Simon Quick Advisors LLC Purchases 891 Shares of Apollo Global Management Inc. $APO

Simon Quick Advisors LLC boosted its position in Apollo Global Management Inc. (NYSE:APO) by 38.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,188 shares of the financial services provider’s stock after buying an additional 891 shares during the period. Simon Quick Advisors LLC’s holdings in Apollo Global Management were worth $452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. increased its holdings in shares of Apollo Global Management by 1,161.6% during the first quarter. Mather Group LLC. now owns 921 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 848 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Apollo Global Management by 449.2% during the first quarter. First Horizon Advisors Inc. now owns 1,340 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 1,096 shares in the last quarter. Principal Financial Group Inc. increased its stake 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 purchasing an additional 7,441 shares in the last quarter. D.A. Davidson & CO. increased its stake in Apollo Global Management by 16.4% during the 1st quarter. D.A. Davidson & CO. now owns 11,740 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 1,658 shares in the last quarter. Finally, Conning Inc. bought a new stake in Apollo Global Management during the 1st quarter valued at $242,000. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Apollo Global Management

In related news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $2,249,205.00. Following the transaction, the chief financial officer owned 332,399 shares of the company’s stock, valued at approximately $48,234,418.89. The trade was a 4.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 935,000 shares of company stock worth $125,543,790 in the last quarter. 8.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on APO. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Wells Fargo & Company boosted their target price 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. Evercore ISI boosted their price objective on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday, October 8th. Finally, Citigroup decreased their price target on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.57.

Apollo Global Management Trading Up 0.8%

Shares of APO stock opened at $124.48 on Friday. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $189.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The company has a 50-day simple moving average of $131.50 and a two-hundred day simple moving average of $136.12. The company has a market capitalization of $71.21 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 1.42 and a beta of 1.68.

Apollo Global Management (NYSE:APO) last released its earnings results 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 company had revenue of $6,550,000 billion during the quarter, compared to analyst estimates 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 company posted $1.64 earnings per share. Research analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

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

About Apollo Global Management

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.