16,782 Apollo Global Management Inc. $APO Shares Bought by DHJJ Financial Advisors Ltd.

DHJJ Financial Advisors Ltd. lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 209,775.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,790 shares of the financial services provider's stock after acquiring an additional 16,782 shares during the period. DHJJ Financial Advisors Ltd.'s holdings in Apollo Global Management were worth $1,949,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Steigerwald Gordon & Koch Inc. increased its holdings in shares of Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock worth $29,000 after buying an additional 213 shares during the last quarter. Continuum Advisory LLC purchased a new position in shares of Apollo Global Management in the 2nd quarter worth $30,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Apollo Global Management in the 2nd quarter worth $31,000. N.E.W. Advisory Services LLC acquired a new position in Apollo Global Management in the second quarter valued at $38,000. Finally, Pinnacle Holdings LLC acquired a new position in Apollo Global Management in the second quarter valued at $58,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on APO. Piper Sandler dropped their price target on Apollo Global Management from $159.00 to $145.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. Evercore raised their price objective on Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on Apollo Global Management from $150.00 to $154.00 and gave the company an "overweight" rating in a research note on Wednesday, September 2nd. Barclays boosted their target price on Apollo Global Management from $132.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Finally, Bank of America dropped their target price on shares of Apollo Global Management from $163.00 to $161.00 in a research report on Monday, October 5th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $151.90.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.30% of the stock is owned by insiders.

Apollo Global Management Stock Performance

NYSE:APO opened at $112.73 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $66.57 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 1.04 and a beta of 1.58. The firm's fifty day simple moving average is $124.10 and its 200 day simple moving average is $125.23. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29.

Apollo Global Management (NYSE:APO - Get Free Report) last announced 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 in the prior year, the company posted $1.92 earnings per share. As a group, equities research analysts expect that Apollo Global Management Inc. will post 7.96 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders 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 annualized dividend and a dividend yield of 2.0%. Apollo Global Management's dividend payout ratio is presently 82.42%.

About Apollo Global Management

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.

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