S Bank Fund Management Ltd Invests $603,000 in Apollo Global Management Inc. (NYSE:APO)

Key Points

• S Bank Fund Management Ltd acquired 4,406 shares of Apollo Global Management Inc., valued at approximately $603,000, indicating growing institutional interest in the company.
• Analysts maintain a consensus rating of "Moderate Buy" for Apollo Global Management, with an average price target of $161.26, reflecting positive expectations for the stock's future performance.
• Apollo Global Management announced a quarterly dividend of $0.51 per share, representing a yield of 1.4%, reinforcing the company's commitment to returning value to its shareholders.

S Bank Fund Management Ltd bought a new stake in Apollo Global Management Inc. (NYSE:APO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,406 shares of the financial services provider's stock, valued at approximately $603,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Apollo Global Management in the 1st quarter worth about $342,335,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Apollo Global Management by 36.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock valued at $1,065,615,000 after acquiring an additional 1,739,807 shares during the last quarter. Northern Trust Corp increased its position in Apollo Global Management by 50.0% in the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock worth $723,853,000 after buying an additional 1,460,689 shares during the period. Nuveen Asset Management LLC increased its position in Apollo Global Management by 71.4% in the fourth quarter. Nuveen Asset Management LLC now owns 2,599,936 shares of the financial services provider's stock worth $429,405,000 after buying an additional 1,082,825 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of Apollo Global Management by 3,257.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,067,659 shares of the financial services provider's stock worth $176,335,000 after purchasing an additional 1,035,856 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on APO. Wall Street Zen raised Apollo Global Management from a "sell" rating to a "hold" rating in a report on Saturday. Citigroup lifted their price objective on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Barclays raised their target price on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Piper Sandler cut their price objective on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Cowen reissued a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $161.26.

Insider Transactions at Apollo Global Management

In related news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the sale, the insider directly owned 83,192 shares of the company's stock, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was 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 represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.20% of the company's stock.

Apollo Global Management Stock Performance

APO stock traded down $1.27 during midday trading on Friday, hitting $139.41. 3,157,630 shares of the stock traded hands, compared to its average volume of 3,140,754. The stock's fifty day simple moving average is $142.86 and its 200-day simple moving average is $140.42. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49. The firm has a market cap of $79.75 billion, a P/E ratio of 26.06, a PEG ratio of 1.45 and a beta of 1.62. 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 (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The firm had revenue of $6,550,000 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the business posted $1.64 earnings per share. On average, analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, August 18th. Apollo Global Management's dividend payout ratio (DPR) is currently 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.