Apollo Global Management Inc. $APO Stock Acquired by Yousif Capital Management LLC

Key Points

• Yousif Capital Management increased its Apollo Global Management stake by 202.9% in the third quarter, acquiring 89,289 additional shares for a total holding of 133,300 shares valued at approximately $15.47 million. Institutional investors collectively own 77.06% of APO.
• Apollo shares recently traded at $112.73, below their 50-day and 200-day moving averages, while the company reported quarterly EPS of $2.11, missing analysts’ $2.16 estimate. Revenue also came in below expectations at $5.57 billion.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $151.90, implying significant upside from the reported trading price. Apollo also pays a quarterly dividend of $0.5625, equivalent to a 2.0% annualized yield.

Yousif Capital Management LLC lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 202.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,300 shares of the financial services provider's stock after buying an additional 89,289 shares during the period. Yousif Capital Management LLC's holdings in Apollo Global Management were worth $15,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APO. GM Advisory Group LLC boosted 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 worth $1,339,000 after buying an additional 108 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in shares of Apollo Global Management by 14.5% in the first quarter. Pinnacle Bancorp Inc. now owns 924 shares of the financial services provider's stock worth $103,000 after buying an additional 117 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Apollo Global Management by 3.9% in the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider's stock worth $349,000 after buying an additional 119 shares during the last quarter. Chickasaw Capital Management LLC grew its position in Apollo Global Management by 4.7% during the third quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider's stock valued at $309,000 after buying an additional 120 shares during the period. Finally, 180 Wealth Advisors LLC grew its position in Apollo Global Management by 2.4% during the second quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider's stock valued at $659,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

APO traded down $2.10 during trading on Friday, hitting $112.73. 2,780,053 shares of the company traded hands, compared to its average volume of 3,507,514. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The company has a market cap of $66.57 billion, a PE ratio of 41.29, a P/E/G ratio of 1.06 and a beta of 1.58. The stock's 50-day simple moving average is $124.10 and its two-hundred day simple moving average is $125.23. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 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 company 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 firm earned $1.92 EPS. As a group, sell-side analysts anticipate that Apollo Global Management Inc. will post 7.97 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were given 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 payout ratio is currently 82.42%.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating for the company in a report on Tuesday, July 21st. Piper Sandler dropped their price target on shares of Apollo Global Management from $159.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. BMO Capital Markets boosted their price objective on shares of Apollo Global Management from $126.00 to $134.00 and gave the company a "market perform" rating in a research report on Monday, August 10th. Weiss Ratings upgraded Apollo Global Management from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Finally, JPMorgan Chase & Co. upped their price objective on Apollo Global Management from $150.00 to $154.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 2nd. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $151.90.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 8.30% of the company's stock.

About Apollo Global Management

Apollo Global Management, Inc NYSE: APO is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.

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.