Apollo Global Management Inc. $APO Holdings Lifted by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 6,900.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210 shares of the financial services provider’s stock after buying an additional 207 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Apollo Global Management were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of APO. Y.D. More Investments Ltd increased its holdings in Apollo Global Management by 14.4% during the 1st quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 78 shares in the last quarter. Walled Lake Planning & Wealth Management LLC increased its holdings in Apollo Global Management by 3.3% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 80 shares in the last quarter. GW&K Investment Management LLC increased its holdings in Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares in the last quarter. World Investment Advisors increased its holdings in Apollo Global Management by 1.3% during the 1st quarter. World Investment Advisors now owns 7,089 shares of the financial services provider’s stock worth $971,000 after purchasing an additional 93 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of Apollo Global Management by 0.9% during the 1st quarter. Arkadios Wealth Advisors now owns 10,896 shares of the financial services provider’s stock worth $1,492,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. BMO Capital Markets assumed coverage on shares of Apollo Global Management in a research note on Friday, October 3rd. They set a “market perform” rating and a $132.00 price objective for the company. Barclays reduced their price objective on shares of Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. Evercore ISI raised their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.14.

Apollo Global Management Stock Down 5.4%

Shares of APO opened at $120.86 on Friday. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The firm’s 50 day moving average is $134.68 and its 200-day moving average is $135.85. The stock has a market capitalization of $69.14 billion, a PE ratio of 22.59, a P/E/G ratio of 1.46 and a beta of 1.68. 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 (NYSE:APO) last announced its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.84 by $0.08. The company had revenue of $6,550,000 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same period last year, the firm earned $1.64 earnings per share. Equities research analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.51 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is currently 38.13%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the sale, the insider owned 4,526,000 shares in the company, valued at $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the transaction, the chief financial officer owned 332,399 shares in the company, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 935,000 shares of company stock worth $125,543,790 over the last quarter. Corporate insiders own 8.20% of the company’s stock.

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.