3,013 Shares in Apollo Global Management Inc. $APO Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC invested approximately $413,000 in Apollo Global Management, acquiring 3,013 shares in the first quarter as per their recent 13F filing.
• Insider transactions included a sale by CFO Martin Kelly of 15,500 shares at an average price of $145.11, indicating a 4.46% reduction in his stake.
• Apollo Global Management's latest quarterly earnings beat estimates with reported earnings of $1.92 per share, reflecting a positive trend amidst fluctuating market ratings from analysts.

AlphaQuest LLC bought a new position in Apollo Global Management Inc. (NYSE:APO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,013 shares of the financial services provider's stock, valued at approximately $413,000.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake 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 worth $75,347,000 after acquiring an additional 7,441 shares during the last quarter. Clearview Wealth Advisors LLC raised its stake in shares of Apollo Global Management by 420.7% during the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider's stock worth $2,952,000 after buying an additional 17,418 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Apollo Global Management by 209.0% during the fourth quarter. Toronto Dominion Bank now owns 162,659 shares of the financial services provider's stock worth $26,864,000 after buying an additional 110,014 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Apollo Global Management during the first quarter worth approximately $871,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Apollo Global Management during the first quarter worth approximately $492,000. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on APO shares. Piper Sandler dropped their price target on shares of 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. Citigroup boosted their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Cowen reissued a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Evercore ISI boosted their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, Barclays boosted their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $164.56.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 15,500 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Whitney Chatterjee sold 4,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the insider owned 83,192 shares of the company's stock, valued at $12,148,527.76. This trade represents a 5.13% decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Trading Up 0.1%

NYSE APO traded up $0.13 during trading on Monday, reaching $136.52. 4,975,863 shares of the stock traded hands, compared to its average volume of 3,446,188. The firm has a market cap of $78.09 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.47 and a beta of 1.69. The stock's 50-day moving average price is $143.16 and its 200 day moving average price is $138.10. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.08. The firm had revenue of $6,550,000 billion during 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 company earned $1.64 earnings per share. Analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, August 18th. 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.