2,000 Shares in Apollo Global Management Inc. $APO Purchased by Gilman Hill Asset Management LLC

Key Points

• Gilman Hill Asset Management LLC acquired 2,000 shares of Apollo Global Management Inc. during the 2nd quarter, valued at approximately $284,000.
• Institutional investors hold 77.06% of Apollo's stock, indicating strong confidence in the company, with several hedge funds substantially increasing their stakes recently.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Apollo Global Management, with a price target of approximately $164.56, reflecting positive expectations for the company's growth.

Gilman Hill Asset Management LLC bought a new stake in Apollo Global Management Inc. (NYSE:APO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,000 shares of the financial services provider's stock, valued at approximately $284,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Apollo Global Management by 1.4% in the first quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock valued at $75,347,000 after buying an additional 7,441 shares during the period. Clearview Wealth Advisors LLC boosted its holdings in shares of Apollo Global Management by 420.7% in the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider's stock valued at $2,952,000 after buying an additional 17,418 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Apollo Global Management in the first quarter valued at approximately $871,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Apollo Global Management in the first quarter valued at approximately $492,000. Finally, True North Advisors LLC acquired a new position in shares of Apollo Global Management in the first quarter valued at approximately $2,097,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the sale, the insider owned 83,192 shares of the company's stock, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the sale, the chief financial officer directly owned 332,399 shares in the company, valued at $48,234,418.89. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APO. Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Barclays raised their target price on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. 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 report on Wednesday, August 6th. Wells Fargo & Company increased their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Finally, Citigroup increased their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $164.56.

Apollo Global Management Trading Up 1.1%

Shares of Apollo Global Management stock traded up $1.62 during trading on Friday, hitting $145.11. The company's stock had a trading volume of 5,988,889 shares, compared to its average volume of 3,222,195. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49. The stock has a market cap of $83.01 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 1.56 and a beta of 1.69. The stock has a 50-day moving average price of $141.42 and a two-hundred day moving average price of $136.90.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share 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 quarter in the previous year, the firm posted $1.64 earnings per share. Equities research analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.4%. Apollo Global Management's dividend payout ratio is 38.13%.

Apollo Global Management Company Profile

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.