Punch & Associates Investment Management Inc. bought a new stake in Apollo Global Management Inc. (NYSE:APO – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 98,139 shares of the financial services provider’s stock, valued at approximately $11,611,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of APO. Legal & General Group Plc lifted its holdings in Apollo Global Management by 4.5% during the 4th quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after buying an additional 155,857 shares during the last quarter. Sandro Wealth Management LLC purchased a new position in shares of Apollo Global Management in the 4th quarter valued at about $1,599,000. Louisiana State Employees Retirement System acquired a new stake in shares of Apollo Global Management during the 1st quarter worth about $2,641,000. State of New Jersey Common Pension Fund D raised its position in shares of Apollo Global Management by 6.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 148,803 shares of the financial services provider’s stock worth $21,541,000 after acquiring an additional 9,055 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Apollo Global Management by 13.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 67,512 shares of the financial services provider’s stock worth $9,773,000 after purchasing an additional 8,003 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Apollo Global Management
In related news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.30% of the stock is owned by company insiders.
Analyst Ratings Changes
View Our Latest Stock Analysis on APO
Apollo Global Management Price Performance
Shares of APO opened at $133.64 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The firm has a 50-day simple moving average of $126.36 and a 200-day simple moving average of $122.78. The company has a market capitalization of $78.92 billion, a price-to-earnings ratio of 48.95, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51.
Apollo Global Management (NYSE:APO – Get Free Report) last issued its quarterly earnings results 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). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the firm earned $1.92 EPS. On average, equities research analysts anticipate that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.
Apollo Global Management Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is 82.42%.
Apollo Global Management Profile
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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