Apollo Global Management Inc. $APO Shares Bought by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. increased its holdings in Apollo Global Management by 20.3%, owning 596,988 shares valued at $81.75 million as of the latest SEC filing.
• Apollo Global Management reported a Q2 EPS of $1.92, surpassing analysts' estimates of $1.84, with total revenue reaching $6.55 billion.
• The company announced a quarterly dividend of $0.51 per share, which will be paid on August 29th, representing a 1.5% yield based on the current share price.

Bahl & Gaynor Inc. increased its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 596,988 shares of the financial services provider's stock after purchasing an additional 100,918 shares during the period. Bahl & Gaynor Inc. owned 0.10% of Apollo Global Management worth $81,752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APO. Principal Financial Group Inc. boosted its position in shares of Apollo Global Management by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock worth $75,347,000 after purchasing an additional 7,441 shares in the last quarter. Clearview Wealth Advisors LLC boosted its stake in shares of Apollo Global Management by 420.7% in the 1st quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider's stock worth $2,952,000 after buying an additional 17,418 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Apollo Global Management by 209.0% during the 4th quarter. Toronto Dominion Bank now owns 162,659 shares of the financial services provider's stock valued at $26,864,000 after purchasing an additional 110,014 shares during the last quarter. Sowell Financial Services LLC bought a new position in Apollo Global Management in the first quarter worth approximately $871,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Apollo Global Management in the first quarter worth about $492,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In related news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 in the company, valued at $12,148,527.76. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin Kelly sold 15,500 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the transaction, the chief financial officer owned 332,399 shares in the company, valued at $48,234,418.89. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.50% of the company's stock.

Apollo Global Management Stock Up 0.4%

APO traded up $0.58 on Tuesday, hitting $134.47. The company had a trading volume of 3,634,413 shares, compared to its average volume of 3,352,375. The stock has a fifty day moving average price of $142.91 and a 200-day moving average price of $138.93. 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 Inc. has a 12-month low of $102.58 and a 12-month high of $189.49. The stock has a market capitalization of $76.92 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.44 and a beta of 1.62.

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 analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The business had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $1.64 earnings per share. Analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.51 per share. The ex-dividend date is Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Apollo Global Management's payout ratio is presently 38.13%.

Wall Street Analyst Weigh In

APO has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of 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. Wells Fargo & Company increased 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. Wall Street Zen raised Apollo Global Management from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. UBS Group decreased their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Barclays upped their price target on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Apollo Global Management presently has an average rating of "Moderate Buy" and an average target price of $163.28.

Apollo Global Management 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.