GM Advisory Group LLC Makes New Investment in Apollo Global Management Inc. $APO

Key Points

• GM Advisory Group LLC has acquired 7,969 shares in Apollo Global Management Inc., totaling approximately $1,091,000 in value.
• Apollo Global Management's most recent quarterly earnings report shows earnings per share of $1.92, exceeding analyst estimates by $0.08.
• The firm has announced a quarterly dividend of $0.51, which gives an annualized yield of 1.5% to investors of record by August 18th.

GM Advisory Group LLC acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,969 shares of the financial services provider's stock, valued at approximately $1,091,000.

Several other institutional investors also recently made changes to their positions in APO. Fourth Dimension Wealth LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at $25,000. GW&K Investment Management LLC grew its position in Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 87 shares in the last quarter. ORG Partners LLC lifted its position in shares of Apollo Global Management by 285.0% during the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock worth $32,000 after purchasing an additional 171 shares in the last quarter. Farmers & Merchants Investments Inc. acquired a new position in Apollo Global Management in the 1st quarter worth $39,000. Finally, Meeder Asset Management Inc. boosted its holdings in Apollo Global Management by 118.6% in the first quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 172 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Whitney Chatterjee sold 4,500 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the sale, the insider directly owned 83,192 shares in the company, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Martin Kelly sold 15,500 shares of the company'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 transaction, the chief financial officer owned 332,399 shares in the company, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company's stock.

Apollo Global Management Stock Performance

NYSE:APO traded up $0.0650 during midday trading on Friday, reaching $134.0750. The stock had a trading volume of 3,419,831 shares, compared to its average volume of 3,279,031. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49. The firm's fifty day simple moving average is $142.91 and its 200-day simple moving average is $139.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $76.69 billion, a P/E ratio of 25.06, a PEG ratio of 1.45 and a beta of 1.62.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The company had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $1.64 earnings per share. On average, equities research analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, August 18th. Apollo Global Management's dividend payout ratio is 38.13%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APO. Barclays raised their price target on shares of Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Evercore ISI boosted their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Cowen restated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Finally, Piper Sandler decreased their price target on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $163.28.

About Apollo Global Management

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.