Maestria Partners LLC Boosts Holdings in Apollo Global Management Inc. $APO

Key Points

• Maestria Partners LLC increased its holdings in Apollo Global Management Inc. by 2.1%, now owning approximately 193,967 shares worth about $27.5 million.
• Apollo Global Management recently reported $1.92 EPS for the quarter, exceeding the consensus estimate, with revenues reaching $6.55 billion.
• The company declared a quarterly dividend of $0.51 per share, representing an annualized yield of 1.7% and a payout ratio of 38.13%.

Maestria Partners LLC boosted its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,967 shares of the financial services provider's stock after acquiring an additional 4,015 shares during the quarter. Apollo Global Management accounts for approximately 9.6% of Maestria Partners LLC's investment portfolio, making the stock its 3rd biggest holding. Maestria Partners LLC's holdings in Apollo Global Management were worth $27,518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Apollo Global Management by 1.4% during the first quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock worth $75,347,000 after acquiring an additional 7,441 shares in the last quarter. Clearview Wealth Advisors LLC raised its position in Apollo Global Management by 420.7% during the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider's stock worth $2,952,000 after acquiring an additional 17,418 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Apollo Global Management during the first quarter worth $871,000. Elevation Point Wealth Partners LLC bought a new position in shares of Apollo Global Management in the first quarter valued at about $492,000. Finally, True North Advisors LLC bought a new position in shares of Apollo Global Management in the first quarter valued at about $2,097,000. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Down 4.2%

APO stock opened at $118.34 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The company's 50-day simple moving average is $136.21 and its 200 day simple moving average is $136.22. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49. The company has a market capitalization of $67.69 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.68.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results 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 business had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company posted $1.64 earnings per share. As a group, sell-side analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.7%. Apollo Global Management's payout ratio is 38.13%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 15,500 shares of Apollo Global Management 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 sale, 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 document filed with the SEC, which is available through this hyperlink. Also, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction that occurred 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 sale, the insider owned 83,192 shares in the company, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Evercore ISI increased their price objective on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Piper Sandler reissued an "overweight" rating on shares of Apollo Global Management in a research report on Tuesday. Weiss Ratings reissued a "hold (c)" rating on shares of Apollo Global Management in a research report on Wednesday. Wall Street Zen lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Finally, Citigroup increased their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $162.57.

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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