30,512 Shares in Apollo Global Management Inc. $APO Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,512 shares of the financial services provider's stock, valued at approximately $3,610,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of APO. MBM Wealth Consultants LLC bought a new position in shares of Apollo Global Management during the 1st quarter worth about $29,000. Steigerwald Gordon & Koch Inc. increased its stake in Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 213 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in Apollo Global Management in the second quarter valued at about $31,000. Osbon Capital Management LLC acquired a new position in Apollo Global Management in the fourth quarter worth about $36,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Apollo Global Management in the second quarter worth about $38,000. Institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on APO. Piper Sandler decreased their price objective on Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, July 13th. Wall Street Zen raised Apollo Global Management from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Apollo Global Management in a report on Thursday, May 7th. Morgan Stanley cut their target price on Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. Finally, TD Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $152.77.

Apollo Global Management Stock Performance

NYSE APO opened at $135.39 on Monday. The firm has a market cap of $79.95 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 1.22 and a beta of 1.51. The company has a 50 day moving average of $126.22 and a 200-day moving average of $122.79. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29.

Apollo Global Management (NYSE:APO - Get Free Report) last announced 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). The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same period in the previous year, the firm earned $1.92 earnings per share. On average, equities analysts forecast that Apollo Global Management Inc. will post 8.08 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be paid a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management's payout ratio is currently 82.42%.

Insider Buying and Selling

In other 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 sale, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. This 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 accessible through this link. Corporate insiders own 8.30% of the company's stock.

Apollo Global Management Company 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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