Apollo Global Management Inc. $APO Holdings Lifted by NewEdge Advisors LLC

NewEdge Advisors LLC grew its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 130.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,404 shares of the financial services provider's stock after purchasing an additional 23,400 shares during the period. NewEdge Advisors LLC's holdings in Apollo Global Management were worth $4,899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its position in shares of Apollo Global Management by 14.7% in the second quarter. Allworth Financial LP now owns 2,222 shares of the financial services provider's stock worth $263,000 after buying an additional 284 shares during the last quarter. Nykredit A S bought a new position in shares of Apollo Global Management in the second quarter valued at approximately $14,515,000. Parkside Financial Bank & Trust raised its holdings in Apollo Global Management by 157.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,897 shares of the financial services provider's stock worth $224,000 after acquiring an additional 1,161 shares during the period. HighTower Advisors LLC lifted its position in Apollo Global Management by 0.7% during the 2nd quarter. HighTower Advisors LLC now owns 118,985 shares of the financial services provider's stock worth $14,077,000 after acquiring an additional 792 shares during the last quarter. Finally, Groupe la Francaise lifted its position in Apollo Global Management by 0.8% during the 2nd quarter. Groupe la Francaise now owns 42,864 shares of the financial services provider's stock worth $5,071,000 after acquiring an additional 328 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $150.00 to $154.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Royal Bank Of Canada upped their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a "hold" rating in a research report on Monday, July 20th. Morgan Stanley lowered their price target on Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised Apollo Global Management from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $152.15.

Apollo Global Management Price Performance

Shares of APO stock opened at $128.31 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The stock's fifty day simple moving average is $128.44 and its 200 day simple moving average is $123.49. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The firm has a market cap of $75.77 billion, a price-to-earnings ratio of 47.00, a P/E/G ratio of 1.13 and a beta of 1.52.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the previous year, the company posted $1.92 EPS. On average, analysts expect that Apollo Global Management Inc. will post 8.08 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were given a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, August 19th. Apollo Global Management's dividend payout ratio (DPR) is presently 82.42%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.30% of the company's stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc NYSE: APO is a global alternative asset manager that provides investment management and retirement services. The company serves institutional investors, businesses and individual investors through a range of strategies focused on private equity, credit, real assets and other long-term investments.

Apollo's asset-management business invests across industries and geographies, with activities that include corporate and structured credit, private equity, infrastructure, real estate and hybrid strategies.

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