Groupe la Francaise Makes New $270,000 Investment in Apollo Global Management Inc. $APO

Key Points

• Groupe la Francaise has acquired a new position in Apollo Global Management Inc., investing approximately $270,000 for 1,903 shares during the first quarter.
• Multiple hedge funds have increased their stakes in Apollo Global Management, reflecting growing institutional interest, with institutional investors now owning 77.06% of the company's stock.
• Apollo Global Management recently announced a quarterly dividend of $0.51 per share, which equates to an annual yield of 1.5% and a payout ratio of 38.13%.

Groupe la Francaise acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,903 shares of the financial services provider's stock, valued at approximately $270,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new position in Apollo Global Management during the 4th quarter worth $25,000. GW&K Investment Management LLC increased its stake in shares of Apollo Global Management by 84.5% in 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 last quarter. ORG Partners LLC increased its stake in shares of Apollo Global Management by 285.0% in 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 last quarter. Farmers & Merchants Investments Inc. bought a new position in shares of Apollo Global Management in the 1st quarter valued at $39,000. Finally, Meeder Asset Management Inc. increased its stake in shares of Apollo Global Management by 118.6% in 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 last quarter. Institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler decreased their price target on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. UBS Group decreased their price target 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. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Citigroup lifted their price target on Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Finally, Evercore ISI lifted their price target on Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management has an average rating of "Moderate Buy" and an average price target of $163.28.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the transaction, the chief financial officer directly owned 332,399 shares of the company's stock, valued at approximately $48,234,418.89. The trade was a 4.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider directly owned 83,192 shares in the company, valued at $12,148,527.76. The trade was a 5.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Trading Up 0.0%

NYSE APO opened at $134.0750 on Monday. 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 Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The company has a market cap of $76.69 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.45 and a beta of 1.62. The business's fifty day moving average is $142.91 and its 200 day moving average is $139.14.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.01 billion. During the same quarter last year, the business posted $1.64 EPS. As a group, sell-side analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

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

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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