Beacon Investment Advisory Services Inc. Has $7.97 Million Position in Apollo Global Management Inc. $APO

Key Points

• Beacon Investment Advisory Services increased its holdings in Apollo Global Management Inc. by 6.9%, now owning 56,158 shares worth approximately $7.97 million.
• Apollo Global Management reported an earnings per share (EPS) of $1.92 for the last quarter, exceeding analysts' predictions of $1.84.
• The company issued a quarterly dividend of $0.51, resulting in an annualized dividend of $2.04 and a yield of 1.5%.

Beacon Investment Advisory Services Inc. increased its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 6.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,158 shares of the financial services provider's stock after buying an additional 3,624 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Apollo Global Management were worth $7,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. GW&K Investment Management LLC increased its position in Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 87 shares during the period. ORG Partners LLC increased its position in Apollo Global Management by 285.0% during the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 171 shares during the period. Farmers & Merchants Investments Inc. acquired a new stake in Apollo Global Management during the 1st quarter valued at approximately $39,000. Rise Advisors LLC acquired a new stake in Apollo Global Management during the 1st quarter valued at approximately $42,000. Finally, Meeder Asset Management Inc. increased its position in Apollo Global Management by 118.6% during 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 during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of APO opened at $137.57 on Thursday. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $189.49. The business's fifty day moving average is $141.01 and its 200 day moving average is $137.06. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The stock has a market cap of $78.69 billion, a P/E ratio of 25.71, a P/E/G ratio of 1.56 and a beta of 1.69.

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

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, August 18th. Apollo Global Management's dividend payout ratio (DPR) is currently 38.13%.

Insider Buying and Selling

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider directly 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 is accessible through the SEC website. Also, insider Leon D. Black sold 915,000 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares in the company, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 935,000 shares of company stock worth $125,543,790 in the last ninety days. Corporate insiders own 8.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on APO shares. Wells Fargo & Company increased their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Citigroup raised their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Evercore ISI raised their price objective on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, Barclays raised their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and a consensus target price of $166.27.

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.

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