Mather Group LLC. grew its position in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) by 2,259.8% in the third quarter, Holdings Channel reports. The firm owned 31,150 shares of the financial services provider’s stock after purchasing an additional 29,830 shares during the period. Mather Group LLC.’s holdings in Apollo Global Management were worth $3,615,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in APO. GM Advisory Group LLC raised its position in shares of Apollo Global Management by 0.9% in the first quarter. GM Advisory Group LLC now owns 12,015 shares of the financial services provider’s stock worth $1,339,000 after buying an additional 108 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Apollo Global Management by 0.6% during the fourth quarter. Rehmann Capital Advisory Group now owns 17,392 shares of the financial services provider’s stock valued at $2,518,000 after buying an additional 109 shares during the period. Wealth Preservation Advisors LLC boosted its stake in Apollo Global Management by 6.6% during the fourth quarter. Wealth Preservation Advisors LLC now owns 1,848 shares of the financial services provider’s stock valued at $268,000 after buying an additional 114 shares during the period. Pinnacle Bancorp Inc. grew its position in Apollo Global Management by 14.5% during the first quarter. Pinnacle Bancorp Inc. now owns 924 shares of the financial services provider’s stock worth $103,000 after buying an additional 117 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Apollo Global Management by 3.9% during the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider’s stock worth $349,000 after buying an additional 119 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.
Apollo Global Management Price Performance
Shares of NYSE:APO opened at $112.14 on Friday. The company’s fifty day moving average price is $127.09 and its 200-day moving average price 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 capitalization of $66.22 billion, a price-to-earnings ratio of 41.08, a PEG 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 posted its quarterly earnings data 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 the consensus estimate of $5.65 billion. During the same period in the prior year, the firm posted $1.92 earnings per share. On average, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is currently 82.42%.
Insider Buying and Selling
In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.30% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
APO has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. The Goldman Sachs Group lowered their price target on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Barclays lifted their price target on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Bank of America dropped their price target on Apollo Global Management from $163.00 to $161.00 in a research report on Monday, October 5th. Finally, Royal Bank Of Canada boosted their price objective on Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $152.60.
Check Out Our Latest Stock Report on APO
About Apollo Global Management
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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