MidFirst Bank Makes New $1.76 Million Investment in Apollo Global Management Inc. $APO

MidFirst Bank purchased a new stake in Apollo Global Management Inc. (NYSE:APOFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,854 shares of the financial services provider’s stock, valued at approximately $1,757,000.

A number of other institutional investors and hedge funds also recently modified their holdings of APO. Sunbelt Securities Inc. increased its stake in Apollo Global Management by 16.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 82 shares in the last quarter. Broadway Wealth Solutions Inc. lifted its stake in Apollo Global Management by 3.8% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock valued at $346,000 after buying an additional 87 shares in the last quarter. First Horizon Corp boosted its holdings in shares of Apollo Global Management by 8.1% in the fourth quarter. First Horizon Corp now owns 1,228 shares of the financial services provider’s stock worth $178,000 after buying an additional 92 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in shares of Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after buying an additional 96 shares during the period. Finally, Glen Eagle Advisors LLC increased its position in shares of Apollo Global Management by 33.3% in the fourth quarter. Glen Eagle Advisors LLC now owns 384 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the sale, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 8.30% of the company’s stock.

Apollo Global Management Price Performance

Shares of APO opened at $134.91 on Tuesday. The business’s 50-day moving average is $126.67 and its 200-day moving average is $122.71. 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 company has a market capitalization of $79.67 billion, a price-to-earnings ratio of 49.42, a P/E/G ratio of 1.26 and a beta of 1.51. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29.

Apollo Global Management (NYSE:APOGet Free Report) last posted its quarterly 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 quarter in the prior year, the business posted $1.92 earnings per share. Equities research analysts expect that Apollo Global Management Inc. will post 8.12 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.5625 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on APO shares. UBS Group boosted their price target on shares of 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 note on Thursday, May 7th. Piper Sandler cut their target price on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a report on Monday, July 20th. Finally, Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday. 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. According to MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $152.77.

Check Out Our Latest Analysis on APO

About Apollo Global Management

(Free Report)

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

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