American National Bank & Trust Makes New $315,000 Investment in Apollo Global Management Inc. $APO

Key Points

• American National Bank & Trust made a new investment in Apollo Global Management, acquiring 2,220 shares valued at approximately $315,000 during the second quarter.
• Apollo Global Management reported earnings of $1.92 per share for the last quarter, exceeding analysts' expectations of $1.84.
• The firm recently declared a $0.51 quarterly dividend, representing an annualized yield of 1.5% and a payout ratio of 38.13%.

American National Bank & Trust bought a new stake in Apollo Global Management Inc. (NYSE:APO - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,220 shares of the financial services provider's stock, valued at approximately $315,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. GW&K Investment Management LLC grew its position in shares of Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock worth $26,000 after purchasing an additional 87 shares in the last quarter. ORG Partners LLC boosted its position in Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after buying an additional 171 shares in the last quarter. Farmers & Merchants Investments Inc. acquired a new stake in Apollo Global Management in the first quarter valued at approximately $39,000. Rise Advisors LLC acquired a new stake in Apollo Global Management in the first quarter valued at approximately $42,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Apollo Global Management by 118.6% during the first quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 172 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Up 1.1%

APO opened at $137.65 on Friday. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The company has a market cap of $78.74 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 1.46 and a beta of 1.69. The company has a fifty day moving average price of $140.32 and a two-hundred day moving average price of $137.18.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.01 billion. During the same period in the previous year, the firm posted $1.64 earnings per share. Analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

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

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction 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 sale, the chief financial officer directly owned 332,399 shares of the company's stock, valued at approximately $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the sale, the insider directly owned 4,526,000 shares of the company's stock, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 935,000 shares of company stock valued at $125,543,790. Corporate insiders own 8.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on APO shares. Citigroup raised their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Evercore ISI raised their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Barclays raised their price target on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Wells Fargo & Company lifted their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $166.27.

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.

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