Chicago Partners Investment Group LLC Acquires 3,821 Shares of Apollo Global Management Inc. (NYSE:APO)

Key Points

• Chicago Partners Investment Group LLC increased its stake in Apollo Global Management by 10%, now holding 41,865 shares valued at $5.4 million.
• Apollo Global Management recently posted quarterly earnings of $1.92 EPS, surpassing analysts' expectations and reporting a revenue of $6.55 billion.
• The company declared a quarterly dividend of $0.51 per share, leading to an annualized dividend yield of 1.4% with a payout ratio of 35.73%.

Chicago Partners Investment Group LLC raised its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 10.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,865 shares of the financial services provider's stock after acquiring an additional 3,821 shares during the quarter. Chicago Partners Investment Group LLC's holdings in Apollo Global Management were worth $5,415,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new position in Apollo Global Management during the 4th quarter worth $25,000. GW&K Investment Management LLC lifted its holdings in shares of Apollo Global Management by 84.5% in the 1st 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 period. ORG Partners LLC raised its holdings in Apollo Global Management by 285.0% in the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 171 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in Apollo Global Management during the 1st quarter worth $39,000. Finally, Meeder Asset Management Inc. raised its stake in shares of Apollo Global Management by 118.6% in the 1st quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 172 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

APO stock traded up $1.33 during trading on Monday, hitting $143.30. 878,168 shares of the company's stock traded hands, compared to its average volume of 3,616,225. The stock has a market capitalization of $81.90 billion, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.48 and a beta of 1.62. Apollo Global Management Inc. has a 52 week low of $102.42 and a 52 week high of $189.49. The business has a fifty day simple moving average of $141.82 and a 200 day simple moving average of $141.21. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $6,550,000 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the company earned $1.64 earnings per share. As a group, research analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, August 18th. Apollo Global Management's dividend payout ratio is presently 38.13%.

Analyst Upgrades and Downgrades

APO has been the topic of a number of recent research reports. Wells Fargo & Company raised their price target 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. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Piper Sandler reduced their price target on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Barclays boosted their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Finally, Evercore ISI upped 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 report on Wednesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.26.

Insider Buying and Selling

In related news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the sale, the insider directly owned 83,192 shares of the company's stock, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.50% of the stock is currently owned by insiders.

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.