Krilogy Financial LLC lifted its position in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) by 237.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,759 shares of the financial services provider’s stock after purchasing an additional 7,571 shares during the quarter. Krilogy Financial LLC’s holdings in Apollo Global Management were worth $1,249,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of APO. Legal & General Group Plc bought a new position in Apollo Global Management in the second quarter worth $459,987,000. Bank of New York Mellon Corp bought a new stake in Apollo Global Management in the 2nd quarter valued at $336,644,000. Temasek Holdings Private Ltd increased its holdings in Apollo Global Management by 214.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after buying an additional 1,614,813 shares during the period. Deutsche Bank AG bought a new stake in Apollo Global Management in the 2nd quarter valued at $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Apollo Global Management in the 2nd quarter valued at $136,528,000. 77.06% of the stock is currently owned by institutional investors.
Apollo Global Management Price Performance
Shares of APO stock opened at $112.14 on Friday. The stock’s fifty day simple moving average is $127.09 and its 200 day simple moving average is $125.22. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market cap of $66.22 billion, a price-to-earnings ratio of 41.08, a P/E/G ratio of 1.01 and a beta of 1.58. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29.
Apollo Global Management (NYSE:APO – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). The company had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same quarter in the prior year, the company earned $1.92 earnings per share. On average, analysts expect that Apollo Global Management Inc. will post 8.00 earnings per share for the current fiscal year.
Apollo Global Management Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were given a $0.5625 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. Apollo Global Management’s payout ratio is 82.42%.
Insider Activity at Apollo Global Management
In other news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on APO. BMO Capital Markets raised their price objective on shares of Apollo Global Management from $126.00 to $134.00 and gave the stock a “market perform” rating in a report on Monday, August 10th. Barclays lifted their target price on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen raised shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, Piper Sandler increased their price target on shares of Apollo Global Management from $156.00 to $159.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.60.
Read Our Latest Stock Report on Apollo Global Management
Apollo Global Management Company Profile
Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.
Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.
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