92,634 Apollo Global Management Inc. $APO Shares Bought by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its Apollo Global Management stake by 259.2% in the third quarter, buying 92,634 shares to reach 128,377 shares valued at approximately $14.9 million. Institutional investors collectively own 77.06% of the company.
• Analysts maintain a generally positive view of Apollo, with 14 Buy ratings and six Holds. The stock has a “Moderate Buy” consensus rating and an average price target of $151.90.
• Apollo reported quarterly EPS of $2.11, below the $2.16 consensus estimate, while revenue of $5.57 billion also missed expectations. The company pays a quarterly dividend of $0.5625, equivalent to a 2.0% annualized yield.

Nisa Investment Advisors LLC raised its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 259.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 128,377 shares of the financial services provider's stock after purchasing an additional 92,634 shares during the quarter. Nisa Investment Advisors LLC's holdings in Apollo Global Management were worth $14,899,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. GM Advisory Group LLC lifted its stake in shares of Apollo Global Management by 0.9% in the first quarter. GM Advisory Group LLC now owns 12,015 shares of the financial services provider's stock worth $1,339,000 after buying an additional 108 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of Apollo Global Management by 14.5% during the first quarter. Pinnacle Bancorp Inc. now owns 924 shares of the financial services provider's stock valued at $103,000 after buying an additional 117 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Apollo Global Management by 3.9% during the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider's stock valued at $349,000 after acquiring an additional 119 shares in the last quarter. Chickasaw Capital Management LLC increased its position in shares of Apollo Global Management by 4.7% during the third quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider's stock valued at $309,000 after acquiring an additional 120 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in shares of Apollo Global Management by 2.4% during the second quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider's stock valued at $659,000 after acquiring an additional 131 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on APO. Wall Street Zen raised Apollo Global Management from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. Barclays increased their target price on Apollo Global Management from $132.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods raised Apollo Global Management to a "hold" rating in a report on Monday, July 20th. TD Cowen reduced their target price on Apollo Global Management from $159.00 to $154.00 and set a "buy" rating for the company in a report on Monday, October 12th. Finally, The Goldman Sachs Group decreased their price target on Apollo Global Management from $154.00 to $148.00 and set a "buy" rating for the company in a research note on Friday, October 2nd. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $151.90.

Apollo Global Management Price Performance

APO opened at $111.76 on Thursday. The company's 50-day simple moving average is $125.24 and its two-hundred day simple moving average is $125.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market capitalization of $66.00 billion, a P/E ratio of 40.94, a P/E/G ratio of 1.02 and a beta of 1.58. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week 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 EPS for the quarter, missing analysts' consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the prior year, the firm earned $1.92 earnings per share. As a group, analysts predict that Apollo Global Management Inc. will post 7.97 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were issued a $0.5625 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 2.0%. Apollo Global Management's dividend payout ratio (DPR) is currently 82.42%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction that occurred on Friday, August 14th. The shares were 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 of the company's stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.30% of the company's stock.

Apollo Global Management Profile

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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