Apollo Global Management Inc. $APO Stock Position Lifted by Integrated Advisors Network LLC

Integrated Advisors Network LLC raised its position in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) by 175.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,982 shares of the financial services provider’s stock after buying an additional 21,647 shares during the period. Integrated Advisors Network LLC’s holdings in Apollo Global Management were worth $3,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of APO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Apollo Global Management by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after buying an additional 234,517 shares during the period. Legal & General Group Plc acquired a new position in Apollo Global Management during the 2nd quarter worth about $459,987,000. Bank of New York Mellon Corp lifted its stake in Apollo Global Management by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock worth $323,242,000 after acquiring an additional 188,668 shares in the last quarter. Temasek Holdings Private Ltd lifted its stake in Apollo Global Management by 214.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after acquiring an additional 1,614,813 shares in the last quarter. Finally, Curated Wealth Partners LLC boosted its holdings in Apollo Global Management by 91.8% during the 3rd quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock valued at $255,887,000 after acquiring an additional 1,055,818 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 0.4%

Shares of NYSE APO opened at $111.36 on Wednesday. The stock has a market cap of $65.76 billion, a P/E ratio of 40.79, a PEG ratio of 0.99 and a beta of 1.58. The business’s fifty day simple moving average is $125.77 and its 200-day simple moving average is $125.23. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO – Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the firm earned $1.92 earnings per share. As a group, equities analysts predict that Apollo Global Management Inc. will post 7.99 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business 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 of this dividend was Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. Apollo Global Management’s dividend payout ratio (DPR) is currently 82.42%.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction dated 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 transaction, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank Of Canada lifted their target price on Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of Apollo Global Management from $150.00 to $154.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. Rothschild & Co Redburn raised their price objective on shares of Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Bank of America lowered their price objective on shares of Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 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 presently has an average rating of “Moderate Buy” and an average price target of $151.90.

Read Our Latest Stock Analysis on APO

Apollo Global Management Company Profile

(Free Report)

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.

Further Reading

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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