Apollo Global Management Inc. $APO Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its holding in Apollo Global Management by 4.4% during the second quarter, owning approximately 0.07% of the company valued at about $60.6 million.
• Analysts have issued a consensus rating of "Moderate Buy" for Apollo Global Management, with a target price averaging $162.57.
• The company announced a quarterly dividend of $0.51 per share, representing a 1.7% dividend yield and a payout ratio of 38.13%.

Aberdeen Group plc increased its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,934 shares of the financial services provider's stock after buying an additional 17,853 shares during the period. Aberdeen Group plc owned about 0.07% of Apollo Global Management worth $60,636,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GW&K Investment Management LLC raised its position in shares of 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 buying an additional 87 shares during the last quarter. ORG Partners LLC raised its position in shares of 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 during the last quarter. Bay Harbor Wealth Management LLC raised its position in shares of Apollo Global Management by 5,200.0% in the second quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider's stock valued at $38,000 after buying an additional 260 shares during the last quarter. Farmers & Merchants Investments Inc. acquired a new position in shares of Apollo Global Management in the first quarter valued at approximately $39,000. Finally, Rise Advisors LLC purchased a new stake in Apollo Global Management in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of Apollo Global Management in a report on Wednesday. BMO Capital Markets assumed coverage on shares of Apollo Global Management in a report on Friday, October 3rd. They issued a "market perform" rating and a $132.00 target price for the company. Piper Sandler restated an "overweight" rating on shares of Apollo Global Management in a report on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $162.57.

Apollo Global Management Price Performance

APO opened at $118.34 on Friday. 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 52-week low of $102.58 and a 52-week high of $189.49. The company has a 50 day moving average of $136.21 and a two-hundred day moving average of $136.22. The company has a market cap of $67.69 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.28 and a beta of 1.68.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping 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 company 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 earned $1.64 earnings per share. On average, analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.7%. Apollo Global Management's dividend payout ratio is 38.13%.

Insider Activity

In other news, CFO Martin Kelly sold 15,500 shares of the company's 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 transaction, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Whitney Chatterjee sold 4,500 shares of the company's stock in a transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 935,000 shares of company stock worth $125,543,790. 8.20% of the stock is currently owned by company insiders.

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.

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