Sanctuary Advisors LLC purchased a new stake in Apollo Global Management Inc. (NYSE:APO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 112,312 shares of the financial services provider's stock, valued at approximately $13,288,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of APO. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management in the fourth quarter valued at $29,000. MBM Wealth Consultants LLC acquired a new position in shares of Apollo Global Management during the first quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. increased its position in shares of Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new stake in shares of Apollo Global Management during the second quarter worth about $31,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter worth about $36,000. Institutional investors own 77.06% of the company's stock.
Insiders Place Their Bets
In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John P. Zito sold 48,644 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares of the company's stock, valued at $400,302,519.36. This trade represents a 1.56% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 8.30% of the company's stock.
Apollo Global Management Trading Down 0.0%
Shares of APO stock opened at $132.63 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $78.32 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 1.20 and a beta of 1.51. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29. The company has a 50-day simple moving average of $126.64 and a two-hundred day simple moving average of $122.68.
Apollo Global Management (NYSE:APO - Get Free Report) last posted 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 firm 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 business earned $1.92 EPS. Research analysts anticipate that Apollo Global Management Inc. will post 8.08 EPS for the current fiscal year.
Apollo Global Management Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management's dividend payout ratio (DPR) is 82.42%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on APO. UBS Group lifted their price target on Apollo Global Management from $157.00 to $172.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Royal Bank Of Canada increased their price objective on Apollo Global Management from $137.00 to $146.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Barclays raised their target price on Apollo Global Management from $132.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Piper Sandler cut their target price on Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Finally, Wall Street Zen upgraded Apollo Global Management from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $152.77.
View Our Latest Stock Report on Apollo Global Management
Apollo Global Management Company Profile
(
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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