Apollo Global Management Inc. $APO Shares Purchased by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC increased its stake in Apollo Global Management Inc. by 50.3%, acquiring an additional 3,339 shares, bringing its total holdings to 9,982 shares worth approximately $1.37 million.
• Insiders, including CFO Martin Kelly, sold shares in August, with Kelly offloading 15,500 shares for over $2.24 million, indicating a 4.46% decrease in his position.
• Apollo Global Management recently announced a quarterly dividend of $0.51 per share, resulting in a 1.6% yield based on an annualized dividend of $2.04.

Kestra Investment Management LLC grew its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 50.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,982 shares of the financial services provider's stock after buying an additional 3,339 shares during the period. Kestra Investment Management LLC's holdings in Apollo Global Management were worth $1,367,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vivaldi Capital Management LP boosted its stake in Apollo Global Management by 2.1% during the 4th quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock worth $566,000 after purchasing an additional 71 shares during the period. Y.D. More Investments Ltd boosted its stake in Apollo Global Management by 14.4% during the 1st quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider's stock worth $85,000 after purchasing an additional 78 shares during the period. Walled Lake Planning & Wealth Management LLC boosted its stake in Apollo Global Management by 3.3% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider's stock worth $345,000 after purchasing an additional 80 shares during the period. GW&K Investment Management LLC boosted its stake 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 worth $26,000 after purchasing an additional 87 shares during the period. Finally, CVA Family Office LLC boosted its stake in Apollo Global Management by 19.7% during the 1st quarter. CVA Family Office LLC now owns 534 shares of the financial services provider's stock worth $73,000 after purchasing an additional 88 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated 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 directly owned 4,526,000 shares in the company, valued at $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 15,500 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the sale, the chief financial officer 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 935,000 shares of company stock worth $125,543,790 over the last ninety days. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Price Performance

Shares of NYSE APO traded up $1.70 during midday trading on Friday, hitting $138.10. The company had a trading volume of 2,306,536 shares, compared to its average volume of 3,131,071. 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 business has a 50-day simple moving average of $141.88 and a two-hundred day simple moving average of $137.07. The firm has a market capitalization of $79.00 billion, a price-to-earnings ratio of 25.81, a price-to-earnings-growth ratio of 1.47 and a beta of 1.69.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The firm had revenue of $6,550,000 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter last year, the business earned $1.64 earnings per share. Equities research analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

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

Analysts Set New Price Targets

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