Performance Wealth Partners LLC purchased a new stake in Apollo Global Management Inc. (NYSE:APO – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,536 shares of the financial services provider’s stock, valued at approximately $655,000.
A number of other large investors have also made changes to their positions in the company. Legal & General Group Plc boosted its position in Apollo Global Management by 4.5% during the 4th quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after acquiring an additional 155,857 shares during the last quarter. Sandro Wealth Management LLC acquired a new position in Apollo Global Management during the fourth quarter valued at approximately $1,599,000. Vanguard Group Inc. grew its stake in Apollo Global Management by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock valued at $6,913,826,000 after purchasing an additional 340,956 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Apollo Global Management by 16.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,916 shares of the financial services provider’s stock worth $14,319,000 after purchasing an additional 13,625 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Apollo Global Management during the 1st quarter worth approximately $2,641,000. Institutional investors own 77.06% of the company’s stock.
Wall Street Analysts Forecast Growth
APO has been the subject of several recent analyst reports. UBS Group increased their price objective on Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Apollo Global Management in a research note on Friday, August 7th. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. Finally, TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $152.77.
Insider Activity at Apollo Global Management
In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the transaction, the insider directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is currently owned by corporate insiders.
Apollo Global Management Price Performance
NYSE:APO opened at $134.91 on Tuesday. The company has a market cap of $79.67 billion, a P/E ratio of 49.42, a P/E/G ratio of 1.26 and a beta of 1.51. The firm’s fifty day moving average price is $126.67 and its two-hundred day moving average price is $122.71. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70.
Apollo Global Management (NYSE:APO – Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The company had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the business posted $1.92 EPS. Equities analysts expect that Apollo Global Management Inc. will post 8.12 earnings per share for the current year.
Apollo Global Management Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s payout ratio is currently 82.42%.
Apollo Global Management Company Profile
Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.
Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.
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