Bamco Inc. NY Purchases Shares of 109,894 Apollo Global Management Inc. $APO

Key Points

• Bamco Inc. NY acquired 109,894 Apollo Global Management shares worth approximately $13.0 million in the second quarter. Institutional investors collectively own 77.06% of Apollo’s stock.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $152.77, above the reported opening price of $133.41.
• 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 per share, equivalent to a 1.7% annualized yield.

Bamco Inc. NY acquired a new position in Apollo Global Management Inc. (NYSE:APO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 109,894 shares of the financial services provider's stock, valued at approximately $13,002,000.

Other large investors also recently modified their holdings of the company. Schnieders Capital Management LLC. bought a new position in shares of Apollo Global Management during the second quarter valued at about $7,954,000. Baird Financial Group Inc. grew its position in Apollo Global Management by 117.5% in the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider's stock worth $2,287,000 after purchasing an additional 8,709 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider's stock worth $949,000 after purchasing an additional 305 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in Apollo Global Management in the 2nd quarter valued at about $722,000. Finally, Northern Right Capital Management L.P. increased its stake in Apollo Global Management by 1.5% in the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider's stock valued at $24,542,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded Apollo Global Management to a "hold" rating in a research note on Monday, July 20th. UBS Group increased their price target on Apollo Global Management from $157.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Morgan Stanley decreased their price target on Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. Barclays lifted their price target on Apollo Global Management from $132.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Finally, Wall Street Zen raised Apollo Global Management from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Apollo Global Management presently has a consensus rating of "Moderate Buy" and an average price target of $152.77.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction 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 approximately $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.30% of the company's stock.

Apollo Global Management Stock Down 0.2%

Apollo Global Management stock opened at $133.41 on Friday. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The firm has a 50 day moving average price of $126.27 and a 200-day moving average price of $122.78. The company has a market capitalization of $78.78 billion, a P/E ratio of 48.87, a P/E/G ratio of 1.21 and a beta of 1.51. 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 posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $5.65 billion. During the same period last year, the firm posted $1.92 EPS. As a group, equities analysts predict that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Apollo Global Management's dividend payout ratio is currently 82.42%.

Apollo Global Management Profile

Apollo Global Management, Inc NYSE: APO is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.

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