Coordinated Financial Services Inc. CO Takes Position in Apollo Global Management Inc. $APO

Key Points

• Coordinated Financial Services Inc. invested approximately $317,000 in Apollo Global Management Inc. by acquiring 2,315 shares of the financial services provider in the first quarter.
• Apollo Global Management's stock price decreased by 2.4% recently, opening at $131.51 with a market cap of $75.23 billion.
• Research analysts have raised their price targets for Apollo Global Management, with estimates ranging from $160 to $173 and an average rating of "Moderate Buy."

Coordinated Financial Services Inc. CO bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,315 shares of the financial services provider's stock, valued at approximately $317,000.

Several other large investors also recently modified their holdings of APO. Fourth Dimension Wealth LLC acquired a new position in Apollo Global Management in the fourth quarter worth $25,000. GW&K Investment Management LLC increased its stake in shares of Apollo Global Management by 84.5% in the first 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 stake in shares of Apollo Global Management by 285.0% in the first 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 shares of Apollo Global Management in the first quarter valued at approximately $39,000. Finally, Rise Advisors LLC acquired a new stake in shares of Apollo Global Management in the first quarter valued at approximately $42,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 15,500 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the sale, the chief financial officer directly owned 332,399 shares of the company's stock, valued at $48,234,418.89. This represents a 4.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Leon D. Black sold 915,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the sale, the insider owned 4,526,000 shares in the company, valued at $606,619,780. This represents a 16.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 935,000 shares of company stock worth $125,543,790 in the last three months. Insiders own 8.50% of the company's stock.

Apollo Global Management Price Performance

NYSE:APO traded down $0.72 on Wednesday, reaching $133.71. The stock had a trading volume of 2,640,770 shares, compared to its average volume of 3,596,744. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49. The stock has a fifty day moving average price of $142.36 and a 200-day moving average price of $137.22. The company has a market capitalization of $76.48 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO - Get Free Report) last announced 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. The company had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same period in the prior year, the business earned $1.64 earnings per share. Research analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a $0.51 dividend. This represents a $2.04 annualized dividend 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%.

Wall Street Analyst Weigh In

A number of research firms recently commented on APO. Wells Fargo & Company raised their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Evercore ISI increased their price target 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. 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. Barclays lifted 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 note on Thursday, July 10th. Finally, Citigroup lifted their target price on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.56.

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.