Levin Capital Strategies L.P. Has $9.07 Million Holdings in Apollo Global Management Inc. (NYSE:APO)

Key Points

• Levin Capital Strategies L.P. increased its holdings in Apollo Global Management by 8.4% in the first quarter, owning a total of 66,212 shares worth approximately $9.07 million.
• Several institutional investors significantly boosted their stakes in Apollo Global Management, with Price T Rowe Associates Inc. increasing holdings by 36.9% and Bessemer Group Inc. by 200,666.6%.
• Analyst ratings for Apollo Global Management show a consensus of "Moderate Buy" with the target price averaging around $161, highlighting mixed expectations for the company's performance.

Levin Capital Strategies L.P. lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 8.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,212 shares of the financial services provider's stock after purchasing an additional 5,131 shares during the period. Levin Capital Strategies L.P.'s holdings in Apollo Global Management were worth $9,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new position in Apollo Global Management during the fourth quarter valued at $25,000. GW&K Investment Management LLC increased its position in 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 worth $26,000 after purchasing an additional 87 shares during the last quarter. ORG Partners LLC increased its position 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 worth $32,000 after purchasing an additional 171 shares during the last quarter. Farmers & Merchants Investments Inc. acquired a new position in Apollo Global Management in the 1st quarter worth about $39,000. Finally, Meeder Asset Management Inc. increased its position in 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 worth $43,000 after purchasing an additional 172 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

NYSE:APO traded up $0.88 during mid-day trading on Friday, hitting $141.99. 3,008,676 shares of the company's stock traded hands, compared to its average volume of 2,955,388. The firm has a 50 day moving average of $141.82 and a two-hundred day moving average of $141.59. Apollo Global Management Inc. has a 12 month low of $102.42 and a 12 month high of $189.49. The firm has a market capitalization of $81.15 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 1.47 and a beta of 1.62. The company has a current ratio of 1.27, a quick ratio of 1.36 and a debt-to-equity ratio of 0.13.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.23% and a net margin of 13.25%. The company had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $1.64 EPS. On average, equities analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be given a $0.51 dividend. The ex-dividend date is Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management's dividend payout ratio (DPR) is currently 38.13%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the firm's stock in a transaction that occurred on 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 owned 83,192 shares in the company, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.20% of the company's stock.

Wall Street Analyst Weigh In

APO has been the topic of several research reports. Evercore ISI upped their target price on Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday. UBS Group dropped their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Barclays upped their target price on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Piper Sandler decreased their price target on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, Wells Fargo & Company upped their price target on Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $161.26.

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.