Deutsche Bank AG Purchases Shares of 1,456,257 Apollo Global Management Inc. $APO

Deutsche Bank AG purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,456,257 shares of the financial services provider's stock, valued at approximately $172,290,000. Deutsche Bank AG owned about 0.25% of Apollo Global Management as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management in the fourth quarter valued at $29,000. MBM Wealth Consultants LLC bought a new stake in Apollo Global Management during the first quarter worth $29,000. Steigerwald Gordon & Koch Inc. raised its position in Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Osbon Capital Management LLC bought a new position in shares of Apollo Global Management in the 4th quarter valued at about $36,000. Finally, Physician Wealth Advisors Inc. grew its position in shares of Apollo Global Management by 57.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 96 shares during the period. Institutional investors own 77.06% of the company's stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 3,000 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APO. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Thursday, May 7th. Piper Sandler lowered their price target on Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. UBS Group raised their price objective 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. Keefe, Bruyette & Woods upgraded Apollo Global Management to a "hold" rating in a research note on Monday, July 20th. Finally, Evercore reissued an "outperform" rating on shares of Apollo Global Management in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $152.77.

Apollo Global Management Stock Performance

Shares of APO stock opened at $133.91 on Wednesday. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The company has a market capitalization of $79.08 billion, a price-to-earnings ratio of 49.05, a PEG ratio of 1.26 and a beta of 1.51. The company has a 50-day simple moving average of $126.70 and a 200 day simple moving average of $122.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts' consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same quarter last year, the business posted $1.92 EPS. On average, sell-side analysts predict that Apollo Global Management Inc. will post 8.12 earnings per share for the current year.

Apollo Global Management Dividend Announcement

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

Apollo Global Management Company 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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