Los Angeles Capital Management LLC Purchases 12,842 Shares of Apollo Global Management Inc. $APO

Los Angeles Capital Management LLC raised its position in Apollo Global Management Inc. (NYSE:APO) by 641.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,845 shares of the financial services provider’s stock after purchasing an additional 12,842 shares during the period. Los Angeles Capital Management LLC’s holdings in Apollo Global Management were worth $2,106,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. GW&K Investment Management LLC lifted its holdings in Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after buying an additional 87 shares during the period. Activest Wealth Management raised its position in shares of Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 175 shares in the last quarter. Rosenberg Matthew Hamilton raised its position in shares of Apollo Global Management by 6,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 207 shares in the last quarter. Andra AP fonden acquired a new position in shares of Apollo Global Management in the 2nd quarter valued at about $31,000. Finally, Bay Harbor Wealth Management LLC boosted its position in shares of Apollo Global Management by 5,200.0% during the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 260 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Leon D. Black sold 915,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the sale, the insider directly owned 4,526,000 shares of the company’s stock, valued at $606,619,780. This represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the subject of a number of research analyst reports. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday. Evercore ISI lifted their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Barclays increased their target price on shares of Apollo Global Management from $147.00 to $158.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Morgan Stanley decreased their price target on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Finally, BMO Capital Markets began coverage on shares of Apollo Global Management in a report on Friday, October 3rd. They set a “market perform” rating and a $132.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $162.00.

Apollo Global Management Stock Performance

NYSE APO opened at $132.90 on Wednesday. The company has a market cap of $76.02 billion, a P/E ratio of 24.84, a PEG ratio of 1.42 and a beta of 1.63. The company has a fifty day simple moving average of $130.78 and a 200 day simple moving average of $136.36. 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 Inc. has a 12-month low of $102.58 and a 12-month high of $189.49.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.24. The firm had revenue of $9.94 billion for the quarter, compared to the consensus estimate of $4.92 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The business’s revenue was down 20.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. Sell-side analysts predict 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 declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management’s payout ratio is 29.82%.

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.