Apollo Global Management Inc. $APO Shares Purchased by Kintegral Advisory LLC

Key Points

• Kintegral Advisory LLC increased its Apollo Global Management stake by 355.7% in the third quarter, ending with 18,756 shares valued at approximately $2.18 million. Institutional investors collectively own 77.06% of the stock.
• Apollo reported quarterly EPS of $2.11, below the $2.16 consensus estimate, while revenue of $5.57 billion also missed expectations. The company declared a quarterly dividend of $0.5625, equal to a 2.0% annualized yield.
• APO shares recently traded at $110.87, well below the analyst consensus target of $152.60. Analysts maintain a “Moderate Buy” consensus, though one insider sale and mixed ratings—including several “Hold” recommendations—highlight some caution.

Kintegral Advisory LLC boosted its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 355.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,756 shares of the financial services provider's stock after acquiring an additional 14,640 shares during the period. Kintegral Advisory LLC's holdings in Apollo Global Management were worth $2,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. GM Advisory Group LLC grew its stake in shares of Apollo Global Management by 0.9% in the 1st quarter. GM Advisory Group LLC now owns 12,015 shares of the financial services provider's stock valued at $1,339,000 after purchasing an additional 108 shares during the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Apollo Global Management by 0.6% during the fourth quarter. Rehmann Capital Advisory Group now owns 17,392 shares of the financial services provider's stock worth $2,518,000 after purchasing an additional 109 shares during the last quarter. Wealth Preservation Advisors LLC raised its stake in shares of Apollo Global Management by 6.6% during the fourth quarter. Wealth Preservation Advisors LLC now owns 1,848 shares of the financial services provider's stock worth $268,000 after purchasing an additional 114 shares during the last quarter. Pinnacle Bancorp Inc. lifted 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 worth $103,000 after purchasing an additional 117 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings 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 worth $349,000 after purchasing an additional 119 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the firm's stock in a transaction dated 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 in the company, valued at $55,847,707.72. This trade 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 available at this link. 8.30% of the stock is owned by company insiders.

Apollo Global Management Price Performance

APO stock traded down $1.00 on Friday, reaching $110.87. 4,079,337 shares of the company's stock were exchanged, compared to its average volume of 3,543,628. The stock has a fifty day moving average of $126.76 and a 200-day moving average of $125.12. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The firm has a market cap of $65.47 billion, a PE ratio of 40.61, a P/E/G ratio of 0.99 and a beta of 1.58. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) 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 business had revenue of $5.57 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter in the previous year, the company posted $1.92 EPS. As a group, equities analysts predict that Apollo Global Management Inc. will post 8.00 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of Apollo Global Management from $138.00 to $127.00 and set a "hold" rating on the stock in a research note on Tuesday, October 6th. JPMorgan Chase & Co. raised their target price on shares of Apollo Global Management from $150.00 to $154.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 2nd. Barclays raised their target price on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Wells Fargo & Company started coverage on shares of Apollo Global Management in a report on Friday, October 2nd. They issued an "equal weight" rating and a $127.00 target price on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a "hold" rating in a research note on Monday, July 20th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.60.

Apollo Global Management Profile

Apollo Global Management, Inc NYSE: APO is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management Inc. (NYSE:APO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.